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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

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MrEquation
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

The difference of those two amounts is $890.

Converting it to a percent gives:

890 / 4140 x 100 = 21.5%

The total return is 21.5%.

Nicole bought 500 shares of a company stock for $8.24/share.she pays a broker a commission of $20 buy and sell sock.

What is the cost?

Cost =8.24$(500)

Cost=4120

The brokerage is 20

The total cost is

4120+20=4140.....(1)

Her total cost to buy the shares is 4140

When she sold the stocks,

500 x 10.10 - 20 =5030......(2)

From (1) and (2) we get

The difference of those two amounts is $890.

Converting it to a percent gives

890 / 4140 x 100 = 21.5%

So we will get the total return is 21.5%.

To learn more about the total return visit:

https://brainly.com/question/25005581

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