Books Brothers stock was priced at $15 per share two years ago. The stock sold for $13 last year and now it sells for $18. What was the total return for owning Books Brothers stock during the most recent year? Assume that no dividends were paid and round to the nearest percent.© BrainMass Inc. brainmass.com October 10, 2019, 6:29 am ad1c9bdddf
The solution gives detailed steps on calculating the return of stock if previous and current stock prices are given. All the formula and calcuations are shown and explained.