An investor purchased 50 shares of stock in a company for $600. One year later, the investor sold all 50 shares for $13 per share. What is the investor's rate of return? A. -8.3% B. 8.3% 11 C. 7.7% D. -7.7%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
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An investor purchased 50 shares of
stock in a company for $600. One
year later, the investor sold all 50
shares for $13 per share. What is the
investor's rate of return?
А. -8.3%
В. 8.3%
C. 7.7%
D. -7.7%
Transcribed Image Text:An investor purchased 50 shares of stock in a company for $600. One year later, the investor sold all 50 shares for $13 per share. What is the investor's rate of return? А. -8.3% В. 8.3% C. 7.7% D. -7.7%
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