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6.7 Exercise 11

Avg difficulty 2.5

Vincent buys 100 stocks in the REM company for $21.87 per share. One year later, he sells those 100 shares for $29.15 per share.

  1. How much money did Vincent make?
  2. What was his return on investment for that one year?

OpenStax Contemporary Mathematics, 6.7 Investments, exercise 11

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Adapted from Contemporary Mathematics © 2023 Rice University. Licensed under CC BY 4.0. Source: Contemporary Mathematics. Imported at revision fa7c1a1.