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Phil bought 700 shares of a company’s stock for $9.29/share. He pays a broker a commission of $18 to buy and sell stock. After one year, he sold all his shares, which were worth $9.90/share at that time.
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Phil bought 700 shares of a company’s stock for $9.29/share. He pays a broker a commission of $18 to buy and sell stock. After one year, he sold all his shares, which were worth $9.90/share at that time. What was his rate of return

User Manuel Rony Gomes
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2 Answers

4 votes
+ $0.61



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User Xry
by
7.7k points
1 vote

Answer:

6%

Explanation:

yw

User RobbieE
by
7.3k points
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