What is the rate of return when 30 shares of Stock A, purchased for $15/share, are sold for $480? The commission on the sale is $6.

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
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What is the rate of return when 30 shares of Stock
A, purchased for $15/share, are sold for $480? The
commission on the sale is $6.
Rate of Return = [?] %
Give your answer as a percent rounded to the
nearest tenth.
Enter
Answer
021 Acellus Corporation. All Rights Reserved.
58°F Clear
Transcribed Image Text:What is the rate of return when 30 shares of Stock A, purchased for $15/share, are sold for $480? The commission on the sale is $6. Rate of Return = [?] % Give your answer as a percent rounded to the nearest tenth. Enter Answer 021 Acellus Corporation. All Rights Reserved. 58°F Clear
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