What is the rate of return when 10 shares of Stock A, purchased for $30/share, are sold for $380? The commission on the sale is $6. Rate of Return = [ ?] % %3D

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter12: The Cost Of Capital
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Economics
the answer must be clear and need typed answer
What is the rate of return when 10 shares of Stock
A, purchased for $30/share, are sold for $380? The
commission on the sale is $6.
Rate of Return = [?]%
%3D
Give your answer as a percent rounded to the
nearest tenth.
Enter
Transcribed Image Text:Economics the answer must be clear and need typed answer What is the rate of return when 10 shares of Stock A, purchased for $30/share, are sold for $380? The commission on the sale is $6. Rate of Return = [?]% %3D Give your answer as a percent rounded to the nearest tenth. Enter
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