Polly Khan purchased 100 shares of Builtrite at $60 per share and today the stock is...

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Polly Khan purchased 100 shares of Builtrite at $60 per share and today the stock is selling at $63 per share. Without using

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Answer 1

Answer #1

Rate of Return = (Final Price - Initial Price)/Initial Price

Rate of Return = ($63 - $60)/$60

Rate of Return = $3/$60

Rate of Return = 0.05

Rate of Return = 5.0%

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Answer 2

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