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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%