Nicole bought 500 shares of a company stock for $8.24/share. she pays a broker a commission of $20 buy and sell sock. after one year, she sold all her shares, which were worth it $10.10/share at the time. what was her rate of return
Accepted Solution
A:
She had a rate of return of 21.5%.
Her total cost to buy the shares was: 500 x 8.24 + 20 = 4140
When she sold the stocks, she made: 500 x 10.10 - 20 =5030