If Bob invests $100,000 in Tesla stock and he earns 15,000, what is the rate of return of his investment? (Compass will not recognize symbols such as %, so write your answer in decimal form, not percentage. For example, if the answer is 5%, write it as 0.05.)

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
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QUESTION 4
If Bob invests $100,000 in Tesla stock and he earns 15,000, what is the rate of return of his investment? (Compass
will not recognize symbols such as %, so write your answer in decimal form, not percentage. For example, if the
answer is 5%, write it as 0.05.)
Transcribed Image Text:QUESTION 4 If Bob invests $100,000 in Tesla stock and he earns 15,000, what is the rate of return of his investment? (Compass will not recognize symbols such as %, so write your answer in decimal form, not percentage. For example, if the answer is 5%, write it as 0.05.)
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