What is the rate of return when 15 shares of Stock A, purchased for $25/share, are sold for $475? The commission on the sale is $6. Finally, calculate the rate of return.
Question:
What is the rate of return when 15 shares of Stock A, purchased for $25/share, are sold for $475? The commission on the sale is $6. Finally, calculate the rate of return.
Answer:
23.09%