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You Purchased 100 Shares of Amazon

Question 40

Multiple Choice

You purchased 100 shares of Amazon.com (AMZN) for $50 a share and paid $20 in commissions and other transaction costs. You sold the stock a few months later for $88 a share,
Again incurring $20 in transaction costs. What was your rate of return?


A) 76.3%
B) 76.7%
C) 75.3%
D) 74.9%

Correct Answer:

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