Gce Model Questions Vol1 2020 Commerce Question 36
Practice objective / multiple choice question 36 from the 2020 Gce Model Questions Vol1 Commerce examination.
An investor makes the following transactions in a single stock: - Buys \(200\) shares at \(\text{₦}150\) each (no commission). - Sells \(80\) shares at \(\text{₦}165\) each, paying a commission of \(0.5\%\) on the sale proceeds. - Buys a further \(120\) shares at \(\text{₦}158\) each, paying a commission of \(0.4\%\) on the purchase amount. At the end of the day the market price of the share is \(\text{₦}162\). Calculate the investor's overall percentage return on the shares that remain in his portfolio, taking all commissions into account. Express your answer to one decimal place.
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About This Question
This is Gce Model Questions Vol1 2020 Commerce Question 36. It is one of the objective questions from the 2020 Gce Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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