Question

Brayden purchases 85 shares of a stock for $43.28. In 3 years, he sells the stock for $3,297.15. He calculates his ROI, shown below. Did he do
this correctly? If not, what error did he make?
3,297.15-43.28(85)
= -11.6% ROI
3297.15
(4 points)
Са Yes, he solved it correctly.
No, he divided by the wrong number.
No, he should have a positive ROI.
No, he incorrectly calculated his initial investment
b
C
d

Answer 1

Answer: B. No he calculated by the wrong number

Explanation:

3297.15-43.28(85)/43.28(85)= -.143

Or -14.3%