Answered You can hire a professional tutor to get the answer.
QUESTION
Tom bought 750 shares of a company's stock for $11.06/share. He pays a broker a commission of $12 to buy and sell stock. After one year, Tom sold all...
- Tom bought 750 shares of a company's stock for $11.06/share. He pays a broker a commission of $12 to buy and sell stock. After one year, Tom sold all his shares, when they were worth $10.24/share.
- How much did it cost Tom to buy the stock? Show your work.
- What was Tom's net gain or loss? Show your work.
- What was Tom's annual rate of return? Show your work.
