Answer:
Rate of Return is 14.8%
Step-by-step explanation:
We know that 20 shares of Stock are purchased for $30 per share.
This gives us a total value of: 20 × 30 = $600.
Now, the shares are sold for $710 with a commission sale of $6. This means the final money going to the seller is; 710 – 6 = $704.
Thus, the rate of return percentage is = (704 – 600)/704) × 100% = 14.7727%
To the nearest tenth gives us 14.8%
