Nicole bought 500 shares of a company stock for $8.24/share. she pays a broker a commission of $20 buy and sell sock. after one
year, she sold all her shares, which were worth it $10.10/share at the time. what was her rate of return
1 answer:
She had a rate of return of 21.5%.
Her total cost to buy the shares was:
500 x 8.24 + 20 = 4140
When she sold the stocks, she made:
500 x 10.10 - 20 =5030
The difference of those two amounts is $890.
Converting it to a percent gives:
890 / 4140 x 100 = 21.5%
You might be interested in
Answer:
2x+2y
Step-by-step explanation:
x+x = 2x
y+y = 2y
2x+2y
Answer:
27.5 pages per hour.
Step-by-step explanation:
Santino read 5
pages in 12 minutes
In 60 minutes he read:
× 5.5 = 27.5 pages
Answer:
D
Step-by-step explanation:
edge
Answer:
A
Step-by-step explanation:
Answer:
h
=
55
Step-by-step explanation:
Solve for h by simplifying both sides of the equation, then isolating the variable.