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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…

by | Nov 28, 2023 | math

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  1. 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.
  1. How much did it cost Tom to buy the stock? Show your work.
  2. What was Tom’s net gain or loss? Show your work.
  3. What was Tom’s annual rate of return? Show your work.
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