Provide an appropriate response.
-An investor purchased 150 shares of a stock at $15.80 per share. The investor holds the stock for 39 weeks and then sells
the stock for $19.25 per share. Use the commission schedule for this company given below to find the annual rate of
interest earned by this investor. Express your answer as a percentage, correct to one decimal place.

Question

Quizplus · Accepted Answer

The Answer of Provide an appropriate response.
-An investor purchased 150 shares of a stock at $15.80 per share. The investor holds the stock for 39 weeks and then sells
the stock for $19.25 per share. Use the commission schedule for this company given below to find the annual rate of
interest earned by this investor. Express your answer as a percentage, correct to one decimal place.

Provide an Appropriate Response