The stock of USATalks went from $20 to $28 last year. The rate of return for USATalks is:
A) 40%
B) 30%
C) 33.6%
D) 29%

Name: The stock of USATalks went from $20 to $28 last year. The rate of return for USATalks is: A) 40% B) 30% C) 33.6% D) 29%
Brand: Quizplus
Rating: 4.7 (35 reviews)

Question

The stock of USATalks went from $20 to $28 last year.  The rate of return for  USATalks is:
A) 40%
B) 30%
C) 33.6%
D) 29%

Quizplus · Accepted Answer

The rate of return is calculated as the change in price divided by the initial price, then multiplied by 100 to get a percentage. So, for USATalks, the rate of return is (($28 - $20) / $20) * 100 = 40%.

The Stock of USATalks Went from $20 to $28 Last