Jessie buys 100 shares of stock at $29.52 per share and then sells the stock 9 months later at $37.85 per share. Transaction fees are 1% of the total transaction. What annual interest rate did Jessie earn?
Jessie buys 100 shares of stock at $29.52 per share and then sells the stock 9 months later at $37.85 per share. Transaction fees are 1% of the total transaction. What annual interest rate did Jessie earn?
Chapter3: Income Sources
Section: Chapter Questions
Problem 64P
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Jessie buys 100 shares of stock at $29.52 per share and then sells the stock 9 months later at $37.85 per share. Transaction fees are 1% of the total transaction. What annual interest rate did Jessie earn?
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT