PLEASE HELP!!! Nichole bought 500 shares of a company's stock for $8.24/share. she pays a broker a commission for $20 to buy and sell stock. after one year she sold all of her shares which were worth $10.

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asked Apr 26, 2021 81.4k views

4 votes

PLEASE HELP!!!

Nichole bought 500 shares of a company's stock for $8.24/share. she pays a broker a commission for $20 to buy and sell stock. after one year she sold all of her shares which were worth $10.10/share at that time..

what was her rate of return?

A. 22.6%

B. 21.5%

C. 16.8%

D. 16.1%