Question

What is the rate of return when 25 shares of Stock

Answer 1

Based on the information given the rate of return is 10.8%.

First step is to find the shares of stock price:

Shares of stock price=25 shares×$30/share

Shares of stock price= $750

Second step is to calculate the total sold price:

Total sold price= $825+$6

Total sold price= $831

Third step is to calculate the Rate of return:

Rate of return=$831-750/$750×100

Rate of return=$81/$750×100

Rate of return=10.8%

Inconclusion the rate of return is 10.8%.

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