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And investor purchase is 403 shares at $10.02 a share, holdsthe stocks for 49 weeks, and then sell the stocks for $14.53 a share. What
And investor purchase is 403 shares at $10.02 a share, holdsthe stocks for 49 weeks, and then sell the stocks for $14.53 a share. What is the annual rate %?
Use the commission schedule from Company A shown in the table to Principal (Value of Stock) find the annual rate of interest eamed on the investment. (Note: Under $3,000 commissions are rounded to the nearest cent.) $3,000 to $10,000 Over $10,000 An investor purchases 403 shares at $10.02 a share, holds the stock for 49 weeks, and then sells the stock for $14.53 a share. Commission $25 1.8% of principal $37+ 1.4% of principal $107 +0.% of principal The annual rate is (Round to five decimal places.) Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 Commission $25 +1.8% of principal $37+ 1.4% of principal $107 +0.7% of principal Use the commission schedule from Company A shown in the table to Principal (Value of Stock) find the annual rate of interest eamed on the investment. (Note: Under $3,000 commissions are rounded to the nearest cent.) $3,000 to $10,000 Over $10,000 An investor purchases 403 shares at $10.02 a share, holds the stock for 49 weeks, and then sells the stock for $14.53 a share. Commission $25 1.8% of principal $37+ 1.4% of principal $107 +0.% of principal The annual rate is (Round to five decimal places.) Principal (Value of Stock) Under $3,000 $3,000 to $10,000 Over $10,000 Commission $25 +1.8% of principal $37+ 1.4% of principal $107 +0.7% of principal (round your answer to 5 decimal places)
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