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Phil bought 700 shares of a company’s stock for $9.29/share. He pays a broker a commission of $18 to buy and sell stock. After one year, he sold all his shares, which were worth…

Phil bought 700 shares of a company’s stock for $9.29/share. He pays a broker a commission of $18 to buy and sell stock. After one year, he sold all his shares, which were worth…
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Phil bought 700 shares of a company’s stock for $9.29/share. He pays a broker a commission of $18 to buy and sell stock. After one year, he sold all his shares, which were worth $9.90/share at that time. What was his rate of return

asked
User Manuel Rony Gomes
by
6.9k points

2 Answers

4 votes
+ $0.61



Have a nice day.
answered
User Xry
by
8.2k points
1 vote

Answer:

6%

Explanation:

yw

answered
User RobbieE
by
7.7k points
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