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What is the rate of return when 25 shares of Stock A, purchased for $15/share, are sold for $420? The commission on the sale is $6.

What is the rate of return when 25 shares of Stock A, purchased for $15/share, are sold for $420? The commission on the sale is $6.
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What is the rate of return when 25 shares of Stock A, purchased for $15/share, are sold for $420? The commission on the sale is $6.

User Yeriel
by
7.8k points

1 Answer

6 votes

Answer:

purchase price: 15*25=$375

selling price - commission: $414

rate of return [(414-375)/375]*100=10.4%

Explanation:

User Anupam Mishra
by
8.4k points
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