Brooke invested $3,500 in the stock market with the expectation of earning 9.5 percent. She actually earned 10.7 percent for the year. What is the amount of her unexpected return?
A) -1.2 percent
B) -0.6 percent
C) 1.2 percent
D) 1.9 percent
E) 2.4 percent

Question

Quizplus · Accepted Answer

The unexpected return is the difference between the actual return and the expected return. Brooke expected to earn 9.5% but actually earned 10.7%. The unexpected return is 10.7% - 9.5% = 1.2%.

Brooke Invested $3,500 in the Stock Market with the Expectation