What is the rate of return when 30 shares of Stock
1 answer:
Answer:
5.1%
Step-by-step explanation:
We are told that 30 shares of Stock are purchased for $15/share..
This gives a total value of: 30 × 15 = $450.
Now,they are sold for $480 with a commission of $6. This means the final money getting to the seller is; 480 - 6 = $474.
Thus; rate of return percentage = (474 - 450)/474) × 100% = 5.06%
To the nearest tenth gives; 5.1%
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Step-by-step explanation:
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Step-by-step explanation:
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