asked 132k views
4 votes
PLEASE HELP!!!

Nichole bought 500 shares of a company's stock for $8. 24/share. She pays a broker a commission for $20 to buy and sell stock. After one year she sold all of her shares which were worth $10. 10/share at that time.


what was her rate of return?


A. 22. 6%

B. 21. 5%

C. 16. 8%

D. 16. 1%

asked
User Ddfnfal
by
8.1k points

1 Answer

1 vote

The correct answer is A: 22.6%

answered
User ThePurpleMonkey
by
7.6k points
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