Answer:
21%
Explanation:
You want the rate of return on 20 shares of stock bought for $20 per share and sold for $490 with a commission on the sale of $6.
Rate of return
The rate of return is the percentage change between the sale proceeds and the cost of the stock.
rate of return = (proceeds/cost -1) × 100%
= ((490 -6)/(20·20) -1) × 100% = 21%
The rate of return is 21%.
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