Haddy7202
07.09.2020 •
Mathematics
Which one of the following statements is correct? 2/3>3/7 or 2/3<3/7?
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Ответ:
Buying: total cost
Total cost= commission + (price per share* # of shares ) ;
Total cost= 12 + (11.06*750)= 12+8295 = $8,307
Net gain or loss;
First, find cash received from sale of stock and deduct commission;
Cash from sale =10.24 * 750= 7,680
deduct commission= 7680-12= $7,668
Gain or loss= sale-cost = 7668-8307 = -$639, meaning there is a loss.
Annual rate of return= (net gain or loss/amount paid)*100%
return= -639/(8307)*100 = -7.692%