Question
1a. Matthews bought 100 Wells Fargo shares for $4/share and received $0.4/share during the time, what is his rate of return for his investment in
1a. Matthews bought 100 Wells Fargo shares for $4/share and received $0.4/share during the time, what is his rate of return for his investment in wells Fargo shares if he sold his shares for $5/share?
1b. Matthews bought 100 capital one bank shares for $3/share and received $0.3/share during the time, what is his rate of return for his investment in capital one bank shares if he sold his shares for $3.6/share?
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
