Neco Model Questions Vol1 2018 Commerce Question 29
Practice objective / multiple choice question 29 from the 2018 Neco Model Questions Vol1 Commerce examination.
An investor buys 500 shares of XYZ at a market price of \(\text{₦}120\) per share. The broker charges a commission of 0.5\% on the total purchase value and a securities transaction tax (STT) of 0.25\% on the purchase value. After 6 months the investor receives a dividend of \(\text{₦}5\) per share and then sells all the shares at a market price of \(\text{₦}130\) per share, paying the same commission and STT on the sale. What is the investor's overall percentage return on the investment, including dividends, commissions and taxes?
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About This Question
This is Neco Model Questions Vol1 2018 Commerce Question 29. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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