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You purchased 100 shares of corporate stock 9 years ago for $12.65 per share, plus brokerage fees of $85. You received dividends of 35 cents
You purchased 100 shares of corporate stock 9 years ago for $12.65 per share, plus brokerage fees of $85. You received dividends of 35 cents per share at the end of each quarter. Immediately after receiving your 36th dividend, you sold your stock for $11.18 per share, less brokerage fees of $70. Calculate your rate of return. Round to the nearest tenth of a percent.
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