You purchase 15 shares of initech stock at 25 per share, Financial Management

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You purchase 15 shares of initech stock at 25 per share

You purchase 15 shares of Initech stock at $25 per share. Later, you sell your shares when the price is $30 per share.

1. What is your dollar return? (Answer should be just a number. Do not include a dollar symbol.)

2. You purchase 15 shares of Initech stock at $25 per share. Later, you sell your shares when the price is $30 per share.

What is your rate of return? (Answer should be in the form of a percentage. Do not include a percent symbol.)

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Financial Management: You purchase 15 shares of initech stock at 25 per share

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Financial Management: You purchase 15 shares of initech stock at 25 per share

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