bellahills2005
Answered

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What is the rate of return when 30 shares of Stock
A, purchased for $30/share, are sold for $1100?
The commission on the sale is $6.
Rate of Return = [?] %

Sagot :

cdj8498

Answer:

-0.67%

Explanation:

We are told that 30 shares of Stock are purchased for $30/share..

This gives a total value of: 30 × 30 = $900.

Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.

Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%

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