Suppose you purchased 96 shares of Ferber stock on Day 1 at the high price. What is the return on your investment, if you sold the stock on Day 5 at the high price?
Table: http://gyazo.com/738f0b128c127e48cda06eba6eded180

Answer choices:
3.46%
10.09%
11.22%
17.62%

Question

Suppose you purchased 96 shares of Ferber stock on Day 1 at the high price. What is the return on your investment, if you sold the stock on Day 5 at the high price?
Table: http://gyazo.com/738f0b128c127e48cda06eba6eded180

Answer choices:
3.46%
 10.09%
 11.22%
 17.62%

mathstudent55 · Answer

For the rate of return, the number of  shares does not matter.

You just need to calculate the percent increase from 19.87 to 22.10

anonymous · Answer

would that be 2.23% increase then?

mathstudent55 · Answer

$percent~change = \dfrac{new~value - old~value}{old~value} \times 100$

anonymous · Answer

is 19.87 or 22.10 the old value?

mathstudent55 · Answer

old value = 19.87
new value = 22.10

anonymous · Answer

so it would be 2.23/19.87x100 =11.22

mathstudent55 · Answer

correct

anonymous · Answer

thanks. how do i medal you