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The following chart shows monthly figures for Apple stock in 2010. 350 300 250 200- 150+ 100 211.98 218.95 Jan-10 Fdb-10 195.46 211.98 July 10 246.94 255.96 235.97 W 258.77 235.86 Mar-10 Apr-10 Marked are the following points on the chart. May-10 195.46 Jun-10 Aug. 10 260.09 Jan. 10 Feb. 10 Mar. 10 Apr. 10 218.95 260.09 246.94 Sep. 10 258.77 Jul-10 Aug-10 Sep-10 235.97 Oct. 10 294.07 317.13 294.07 Oct-10 235.86 Nov. 10 317.44 May 10 June 10 317.13 Nov-10 Dec-10 Ⓡ 255.96 Dec. 10 317.44 Suppose you bought Apple stock in May. If you later sold at one of the marked dates on the chart, which of those dates would have given you the largest annual return (on a simple interest basis), and what would that return have been? (Round your answer to two decimal places.) The largest annual return would have been % if you had sold in --Select---

The following chart shows monthly figures for Apple stock in 2010. 350 300 250 200- 150+ 100 211.98 218.95 Jan-10 Fdb-10 195.46 211.98 July 10 246.94 255.96 235.97 W 258.77 235.86 Mar-10 Apr-10 Marked are the following points on the chart. May-10 195.46 Jun-10 Aug. 10 260.09 Jan. 10 Feb. 10 Mar. 10 Apr. 10 218.95 260.09 246.94 Sep. 10 258.77 Jul-10 Aug-10 Sep-10 235.97 Oct. 10 294.07 317.13 294.07 Oct-10 235.86 Nov. 10 317.44 May 10 June 10 317.13 Nov-10 Dec-10 Ⓡ 255.96 Dec. 10 317.44 Suppose you bought Apple stock in May. If you later sold at one of the marked dates on the chart, which of those dates would have given you the largest annual return (on a simple interest basis), and what would that return have been? (Round your answer to two decimal places.) The largest annual return would have been % if you had sold in --Select---

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
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The following chart shows monthly figures for Apple stock in 2010.† 350 A 300+ 250- 200 + 150- 100 211.98 218.95 Jan-10 Feb-10 235.97 211.98 195.46 July 10 246.94 X Mar -10 Apr-10 Jan. 10 Feb. 10 May-10 195.46 255.96 Marked are the following points on the chart. Aug. 10 235.86 260.09 Jun-10' X Jul-10 Mar. 10 218.95 260.09 ~ 258.77 246.94 Sep. 10 258.77 X Aug-10 Sep-10 Apr. 10 235.97 Oct. 10 294.07 ✓294.07 317.13 Oct-10 May 10 235.86 Nov. 10 317.13 317.44 Nov-10 Dec-10 Ⓡ June 10 255.96 Dec. 10 317.44 Suppose you bought Apple stock in May. If you later sold at one of the marked dates on the chart, which of those dates would have given you the largest annual return (on a simple interest basis), and what would that return have been? (Round your answer to two decimal places.) The largest annual return would have been % if you had sold in ---Select---
Transcribed Image Text:The following chart shows monthly figures for Apple stock in 2010.† 350 A 300+ 250- 200 + 150- 100 211.98 218.95 Jan-10 Feb-10 235.97 211.98 195.46 July 10 246.94 X Mar -10 Apr-10 Jan. 10 Feb. 10 May-10 195.46 255.96 Marked are the following points on the chart. Aug. 10 235.86 260.09 Jun-10' X Jul-10 Mar. 10 218.95 260.09 ~ 258.77 246.94 Sep. 10 258.77 X Aug-10 Sep-10 Apr. 10 235.97 Oct. 10 294.07 ✓294.07 317.13 Oct-10 May 10 235.86 Nov. 10 317.13 317.44 Nov-10 Dec-10 Ⓡ June 10 255.96 Dec. 10 317.44 Suppose you bought Apple stock in May. If you later sold at one of the marked dates on the chart, which of those dates would have given you the largest annual return (on a simple interest basis), and what would that return have been? (Round your answer to two decimal places.) The largest annual return would have been % if you had sold in ---Select---
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Step 1

Return on Investment

Different investment choices can be compared to their initial cost in order to be evaluated using ROI. Companies can assess their past or prospective investments using ROI calculations.

When evaluating their own personal investments, people can use the ROI to compare one investment in their investment portfolios to another, whether it's a stock holding or a financial stake in a small business.

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Both 166.76% and 102% came back as wrong (10th of June was correct though). Can we please try once more?

Im not sure if this helps, but this is from Chapter 2 (The Mathematics of Finance), Calculating Interest.

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Follow-up Question

June 10th was correct but the percentage 166.76 came back wrong. Can you please let me find the correct percentage?

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