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QUESTION

You buy 100 shares of NAS stock and get an average execution price of $7.18/share but must pay 9$ for the trade and $0.03 per share traded.

1.    You buy 100 shares of NAS stock and get an average execution price of $7.18/share but must pay 9$ for the trade and $0.03 per share traded. You then sell all the shares exactly eight months later for an average execution price of $9.03/share but once again face $9 for the trade and $0.03 per share traded. Your annualized rate of return on this trade is closest to:

A)    10.11%

B)    21.69%

C)    22.42%

D)   34.25%

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