Mathematics, 16.12.2021 18:40 trintrin227

Michael bought 100 shares of stock at $40 per share and paid a $30 broker's commission. He held the stock one year and then sold it for $48
per share and paid a $40 broker's commission. While he held the stock, he
received dividends of $1.20 per share. What was Michael's rate of return
on the stock investment?

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Michael bought 100 shares of stock at $40 per share and paid a $30 broker's commission. He held th...