I bought 200 shares of stock in June of 1999 for $8,562.00 and sold them in June of 2009 for $11,582.00. What is my rate of return?

My answer is 35.27%

I agree

thank you

To calculate the rate of return, you need to use the following formula:

Rate of Return = ((Final Value - Initial Value) / Initial Value) * 100

In this case:

Initial Value = $8,562.00
Final Value = $11,582.00

Now let's substitute these values into the formula:

Rate of Return = (($11,582.00 - $8,562.00) / $8,562.00) * 100

Simplifying further:

Rate of Return = ($3,020.00 / $8,562.00) * 100

Rate of Return = 0.3527 * 100

Rate of Return = 35.27%

So, your answer of 35.27% is correct.