Jan purchased 100 shares of Peach Computer stockfor $18
Chapter , Problem 7-44(choose chapter or problem)
Jan purchased 100 shares of Peach Computer stockfor $18 per share, plus a $45 brokerage commission.Every 6 months she received a dividend from Peachof 50 cents per share. At the end of 2 years, just afterreceiving the fourth dividend, she sold the stock for$23 per share and paid a $58 brokerage commissionfrom the proceeds.What annualrate of return did shereceive on her investment?
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