Question

You purchased 258 shares of stock in XYZ Company for $39 per share one year ago. You just sold your shares for $46 per share. You paid a 6% commission on each transaction. What is your rate of return for the year?

Express your % answer in decimal format: 4.5% = 0.045

Answer 1

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Statementshowing Computations
Paticulars	Amount
Sale Value = 258*46*.94	11,155.92
Purchase cost = 258*39*1.06	10,665.72
Return	490.20
rate of return = 490.20/10,665.72	4.60%