brokenlove
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Jill bought 100 shares of stock at $12.44 per share and sold them for $13.11 per share. Her ROI was ____%. (Round percentages to one decimal place.)

Respuesta :

Samawati

Answer:

5.4%

Explanation:

Return on investment is a ratio expressing the income as a percentage of invested capital.

The formula for ROI= Net Income / Cost of Investment

in this case

net income = Shares selling price - Buying price

net income= ($13.11 x 100)  - ($12.44 x 100)

net income = $1311 - $1244

net income =$67

ROI =$67/1244 x 100

ROI=0.053 x 100

ROI= 5.4%