A company's stock was selling at $15 a share. A month later, it was selling at $27 a share. What is theis the percent increase

Question

A company's stock was selling at $15 a share. A  month later, it was selling at $27 a share. What is theis the percent increase

Raymond B. · Accepted Answer

(27-15)/15 = 12/15 = 4/5 = 80% increase in stock price,  a healthy profit, but the IRS takes its cut if you sell

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