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Mathematics, 02.11.2020 05:20 somedudeontheIn

Nelson bought 400 shares of a company’s stock for $7.92/share. He pays a broker a 0.75% commission to buy and sell stock. It cost Nelson $3191.76 to buy the stock. After one year, Nelson sold all his shares of the stock, which were worth $9.65/share at that time. His net gain was $639.29. To the nearest percent, what was Nelson’s rate of return?

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