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What is the rate of return when 12 shares of Stock A, purchased for $22 share, are sold for $465 ? The commission on the
What is the rate of return when 12 shares of Stock A, purchased for $22 share, are sold for $465 ? The commission on the sale is $9. Rate of Return =totalcostprofitorloss Enter the appropriate value into the formula to calculate the rate of return. Total Cost =$273 Profit =$192 Rate of Return =
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Intermediate Accounting Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
13th Canadian Edition
1119740444, 9781119740445
