Answer:
Her return is [tex]R = 0.10[/tex]
Step-by-step explanation:
From the question we are told that
The number of shares purchased is [tex]n = 100 \ shares[/tex]
The cost price of each share is [tex]x = \$ 20[/tex]
The limit order is [tex]y = \$ 33[/tex]
The first market price for each share is [tex]k = \$ 23[/tex]
The second market price for each share is [tex]u = \$ 26[/tex]
The third market price for each share is [tex]w = \$ 22[/tex]
Generally the limit order would not be executed given that it is higher than the market opening and closing price.
Considering Rebecca's initial investment of $ 20 per share, her return is mathematically evaluated as
[tex]R = \frac{w + d - x}{x}[/tex]
Here d stands for the dividend but since we are told that the stock did not pay any dividend
[tex]R = \frac{22 + 0 - 20}{20}[/tex]
[tex]R = 0.10[/tex]
