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An investor purchases 463 shares at $9.66 a share, holds the stock for 25 weeks, and then sells the stock for 14.25 share. the annual
An investor purchases 463 shares at $9.66 a share, holds the stock for 25 weeks, and then sells the stock for 14.25 share. the annual rate is ___%.
Use the commission schedule from Company A shown in the table to find the annual rate of interest earned on the investment. (Note. commissions are rounded to the nearest cent.) An investor purchases 463 shares at $9 66 a share, holds the stock for 25 weeks, and then sells the stock for $14 25 a share Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 Commission $25 + 1.8% of prinu- $37 +1 4% of pnncpal $107 + 0 7% of prvepal The annual rate is []%. (Round to five decimal places )
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