Neco Model Questions Vol1 2019 Commerce Question 49
Practice objective / multiple choice question 49 from the 2019 Neco Model Questions Vol1 Commerce examination.
An investor buys 200 shares of Company A at \(\text{₦}1,200\) each, paying a brokerage commission of 0.5 % of the purchase value. He also buys 150 shares of Company B at \(\text{₦}2,500\) each, paying a flat commission of \(\text{₦}300\). After six months Company A pays a dividend of \(\text{₦}80\) per share and its share price rises to \(\text{₦}1,350\); Company B pays no dividend and its price falls to \(\text{₦}2,300\). The investor sells all his shares, incurring a selling commission of 0.4 % on the total sale value. What is the investor's overall percentage return on the investment, taking into account purchase and selling commissions as well as the dividend received?
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About This Question
This is Neco Model Questions Vol1 2019 Commerce Question 49. It is one of the objective questions from the 2019 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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