SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 37

Question: 37

Which of the following is the most accurate calculation of return on investment?

A. Difference between the sales proceeds and the cost when purchased

B. Cash received while the security is held, plus the difference between the sales proceeds and the purchase price, less any commissions, adviser fees, custody fees and recordkeeping costs

C. Cash received while the security is held, plus the difference between the sales proceeds and the purchase price, less any commissions, adviser fees, custody fees and recordkeeping costs less estimated income tax

D. Cash received while the security is held, plus the difference between the sales proceeds and the purchase price, less any commissions, adviser fees, custody fees and recordkeeping costs less actual income tax

SIE Understanding Trading, Customer Accounts and Prohibited Activities Practice Question 37

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