Provide an Appropriate Response

question 32

Short Answer

Provide an appropriate response.
-An investor purchased 500 shares of a stock at $19 per share. The commission she paid to buy the stock was $65
plus 0.3% of the principal amount. Six months later she sold the stock for $20.50 per share. If she paid the same
rate of commission to sell the stock, what annual rate of interest (annual yield) did she earn on her initial
investment (including purchase price plus commission)? Express your answer as a percentage, correct to one
decimal place.

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Definitions:

Evaluating Training

The process of assessing the effectiveness and impact of training programs on participants' skills, knowledge, and job performance.

Orientation

The process of introducing new employees to their job, the company, and its policies, procedures, and culture.

Needs Assessment

The process of identifying and evaluating the needs of a specific group or individual to determine the necessary actions or resources required to address those needs.

Request For Proposal

A document issued by an organization seeking detailed bids from potential vendors or service providers.