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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%
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