Answer:
5.4%
Explanation:
Return on investment is a ratio expressing the income as a percentage of invested capital.
The formula for ROI= Net Income / Cost of Investment
in this case
net income = Shares selling price - Buying price
net income= ($13.11 x 100) - ($12.44 x 100)
net income = $1311 - $1244
net income =$67
ROI =$67/1244 x 100
ROI=0.053 x 100
ROI= 5.4%
