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What is the rate of return when 30 shares of Stock
A, purchased for $15/share, are sold for $480? The
commission on the sale is $6.
Rate of Return = [?] %
Give your answer as a percent rounded to the
nearest tenth

What is the rate of return when 30 shares of Stock A purchased for 15share are sold for 480 The commission on the sale is 6 Rate of Return Give your answer as a class=

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Answer:

5.1%

Step-by-step explanation:

We are told that 30 shares of Stock are purchased for $15/share..

This gives a total value of: 30 × 15 = $450.

Now,they are sold for $480 with a commission of $6. This means the final money getting to the seller is; 480 - 6 = $474.

Thus; rate of return percentage = (474 - 450)/474) × 100% = 5.06%

To the nearest tenth gives; 5.1%

The rate of return is 5.1%.

Given that,

  • A, purchased for $15/share, are sold for $480.
  • The  commission on the sale is $6.

Based on the above information, the calculation is as follows:

The total value should be

[tex]= 30 \times 15[/tex]

= $450.

Since it is sold for $480 along with commission of $6 so final money should be  

= 480 - 6

= $474.

Now rate of return is

[tex]= ((474 - 450)\div 474) \times 100%[/tex]

= 5.06%

= 5.1%

Learn more: brainly.com/question/17429689

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