ou sold 100 shares of stock today for $30 per share that you paid $20 for 6 years ago. Determine the average annual rate of return on your investment, assuming the stock paid no dividends. a. 150% b. 7% c. 25% d. 8.33%
ou sold 100 shares of stock today for $30 per share that you paid $20 for 6 years ago. Determine the average annual rate of return on your investment, assuming the stock paid no dividends. a. 150% b. 7% c. 25% d. 8.33%
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 1PROB
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which one is correct please confirm?
QUESTION 37
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You sold 100 shares of stock today for $30 per share that you paid $20 for 6 years ago. Determine the average annual
rate of return on your investment, assuming the stock paid no dividends.a. 150%b. 7%c. 25%d. 8.33%
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