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Find the total cost that michelle paid to buy the shares

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Reference no: EM132952378

Michelle bought 1000 shares of BTECH at RM0.50 per share and 1100 shares of GASMSIA at RM2.70 per share. A year later, Michelle sells all her BTECH and GASMSIA shares at RM0.60 and RM2.60 per share, respectively. For both transactions, Michelle used a stockbroker that charged a commission of 2.5%.

Problem i. Find the total cost that Michelle paid to buy the shares.

Problem ii. Find the total proceeds Michelle received from selling the shares.

Problem iii. Find Michelle's rate of return on the sale (that is, the return on investments). Interpret this value.

Reference no: EM132952378

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