A small retail stock investor purchased 5 shares of GameStop for $85 per share on a Tuesday. Exactly two days later, she sold them for $132 per share. What nominal monthly rate of interest did she...


A small retail stock investor purchased 5 shares of GameStop for $85 per share on a Tuesday.<br>Exactly two days later, she sold them for $132 per share. What nominal monthly rate of interest<br>did she earn on this investment (i.e. the nominal rate of interest convertible 12 times per year)?<br>Assume 30 days / month and 360 days per year.<br>

Extracted text: A small retail stock investor purchased 5 shares of GameStop for $85 per share on a Tuesday. Exactly two days later, she sold them for $132 per share. What nominal monthly rate of interest did she earn on this investment (i.e. the nominal rate of interest convertible 12 times per year)? Assume 30 days / month and 360 days per year.

Jun 04, 2022
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