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11 June, 11:22

Phil bought 700 shares of a company's stock for $9.29/share. He pays a broker a commission of $18 to buy and sell stock. After one year, he sold all his shares, which were worth $9.90/share at that time. What was his rate of return

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  1. 11 June, 14:56
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    The return rate is 45%
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