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Use the commission schedule from Company B shown in the table to find the annual rate of interest earned on the investment. (Note: commisions are
Use the commission schedule from Company B shown in the table to find the annual rate of interest earned on the investment. (Note: commisions are rounded to the nearest cent.) |
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An investor purchases 328 shares at $36.66 a share, holds the stock for 271 days, and then sells the stock for $52.27 a share. Assume a 360-day year. What is the rate of annual %? Round to nearest three decimal place. |
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