engelmolly48 engelmolly48

21-05-2021
Mathematics

contestada

Raul bought 45 shares of stock for $36 a share. He sold one year later for $38 a share. What was his percentage return?

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ferrybukantoro ferrybukantoro

21-05-2021

Answer:

5.55%

Step-by-step explanation:

the profit for each share = $38 -$36 = $2

so, his percentage return =

2/36 × 100% = 5.55%

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