Joelle purchased 100 shares of PAC stock for $20 per share and sold this same stock one year later for $25 per share.She paid commissions of $60 when she purchased the stock and $70 when she sold the stock.Dividends of $2 per share were paid during the year.The total rate of return on this investment was
A)9.71 percent
B)17.96 percent
C)28.50 percent
D)33.98 percent.

Question

Quizplus · Accepted Answer

The Answer of Joelle purchased 100 shares of PAC stock for $20 per share and sold this same stock one year later for $25 per share.She paid commissions of $60 when she purchased the stock and $70 when she sold the stock.Dividends of $2 per share were paid during the year.The total rate of return on this investment was
A)9.71 percent
B)17.96 percent
C)28.50 percent
D)33.98 percent.

Joelle Purchased 100 Shares of PAC Stock for $20 Per