What is the rate of return when 15 shares of Stock A, purchased for $30/share, are sold for $500? The commission on the sale is $6. Rate of Return = [?] %

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
Section: Chapter Questions
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What is the rate of return when 15 shares of Stock
A, purchased for $30/share, are sold for $500? The
commission on the sale is $6.
Rate of Return =[?]%
Give your answer as a percent rounded to the
nearest tenth.
Enter
03 - 2021 Acellus Corporation. All Rights Reserved.
MacBook
20
898
DO
F9
24
&
4.
7.
8.
9.
Transcribed Image Text:What is the rate of return when 15 shares of Stock A, purchased for $30/share, are sold for $500? The commission on the sale is $6. Rate of Return =[?]% Give your answer as a percent rounded to the nearest tenth. Enter 03 - 2021 Acellus Corporation. All Rights Reserved. MacBook 20 898 DO F9 24 & 4. 7. 8. 9.
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