What is the rate of return when 12 shares of Stock A, purchased for $22/share, are sold for $465? The commission on the sale is $9.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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What is the rate of return when 12 shares of Stock
A, purchased for $22/share, are sold for $465? The
commission on the sale is $9.
4
F4
Copyright © 2003-2022 International Academy of Science. All Rights Reserved.
F5
Rate of Return
Enter the appropriate value into the
formula to calculate the rate of return.
A
F6
5
RTY
6
&
Total Cost = $273
Profit= $192
[?]
Rate of Return =
F7
7
*
=
F8
8
profit or loss
total cost
DELL
F9
9.
prtsc
F10
home
F11
Enter
end
F12
+11.
Insert
Transcribed Image Text:What is the rate of return when 12 shares of Stock A, purchased for $22/share, are sold for $465? The commission on the sale is $9. 4 F4 Copyright © 2003-2022 International Academy of Science. All Rights Reserved. F5 Rate of Return Enter the appropriate value into the formula to calculate the rate of return. A F6 5 RTY 6 & Total Cost = $273 Profit= $192 [?] Rate of Return = F7 7 * = F8 8 profit or loss total cost DELL F9 9. prtsc F10 home F11 Enter end F12 +11. Insert
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