Investment - Total Rate of Return. Marvin purchased 7,000 shares of Strawn Corp. at $85.72 an- sold them a year later at $102.66. With 5% commission rate on each transaction and a dividenc of $6.91 per share throughout this year, what was the return on his investment? O a. 7.68% O b. 8.36% O c. 16.03% O d. 14.80%

Investment - Total Rate of Return. Marvin purchased 7,000 shares of Strawn Corp. at $85.72 an- sold them a year later at $102.66. With 5% commission rate on each transaction and a dividenc of $6.91 per share throughout this year, what was the return on his investment? O a. 7.68% O b. 8.36% O c. 16.03% O d. 14.80%

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter5: The Cost Of Money (interest Rates)

Section: Chapter Questions

Problem 2PROB

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