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Give step-by-step solution with explanation and final answer: Suppose you bought XCYZ stock 1 year ago for $ 5 . 9 2 per share and sell it at $ 3 . 5 9 . You also pary a commission of $ 0 . 1 5 per share on your saide. What is the lotal return on your investrent? The total return is ◻ K . ( Round to the nearest tenth as needed )HL ; RE HEE Lip H i i ; 1] ¥ i i | : E 1 |

Question:

Give step-by-step solution with explanation and final answer: Suppose you bought XCYZ stock 1 year ago for $ 5 . 9 2 per share and sell it at $ 3 . 5 9 . You also pary a commission of $ 0 . 1 5 per share on your saide. What is the lotal return on your investrent? The total return is ◻ K . ( Round to the nearest tenth as needed )Uploaded ImageHL ; RE HEE Lip H i i ; 1] ¥ i i | : E 1 |

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Asked by: Pagal
Created at: 2025-07-09 07:04:33

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Let’s break down the problem **step by step**: ### Given: - **Purchase price per share (P₀):** $5.92 - **Selling price per share (P₁):** $3.59 - **Commission per share on sale:** $0.15 --- ### **Step 1: Calculate net proceeds from the sale** **Net selling price per share = Selling price - Commission** \[ \text{Net selling price} = \$3.59 - \$0.15 = \$3.44 \] --- ### **Step 2: Calculate total return per share** **Total return per share = Net selling price - Purchase price** \[ \text{Total return per share} = \$3.44 - \$5.92 = -\$2.48 \] --- ### **Step 3: Calculate return as a percentage** \[ \text{Total return (\%)} = \frac{\text{Total return per share}}{\text{Purchase price}} \times 100 \] \[ \text{Total return (\%)} = \frac{-2.48}{5.92} \times 100 \approx -41.9\% \] --- ### **Final Answer** \[ \boxed{-41.9\%} \] **(Rounded to the nearest tenth as needed.)**

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