Question

Suppose you bought XYZ stock 1 year ago for $5.22 per share and

sell it at $9.38. you also pay a commission of $0.25 per share on
your sale. what is the total return on your investment?

Answer 1

Answer is in an explanations

Step-by-step explanation:

To calculate the total return on your investment, you need to consider the initial cost of buying the XYZ stock, the selling price of the stock, and the commission paid on the sale.

1. Calculate the initial investment:

- The number of shares bought is not provided in the question, so let's assign it to the variable "shares_bought."

- The cost per share when buying is $5.22, so the initial investment can be calculated as: initial_investment = shares_bought * cost per share.

2. Calculate the total amount received from selling the stock:

- The selling price per share is $9.38.

- Considering the commission paid on the sale, the total amount received can be calculated as: total_amount_received = shares_bought * selling price per share - commission.

3. Calculate the total return on investment:

- The total return on investment is the difference between the total amount received and the initial investment.

- total_return = total_amount_received - initial_investment.

Please note that the number of shares bought and the commission paid are not provided in the question. To calculate the total return on your investment, you need to know these values.

Answer 2

To calculate the total return on your investment, subtract the purchase price from the selling price and subtract the commission. However, the calculation cannot be completed without knowing the number of shares.

Step-by-step explanation:

To calculate the total return on your investment, you need to consider the initial purchase price, the selling price, and any commissions involved. In this case, you bought XYZ stock for $5.22 per share and sold it for $9.38 per share. You also paid a commission of $0.25 per share on the sale. Here's the step-by-step calculation:

1. Calculate the profit per share: Selling price - Purchase price = $9.38 - $5.22 = $4.16
2. Calculate the commission per share: $0.25
3. Calculate the total return per share: profit per share - commission per share = $4.16 - $0.25 = $3.91
4. Calculate the number of shares: This information is not provided, so we cannot calculate the total return without knowing the number of shares.
5. Calculate the total return on your investment: total return per share * number of shares