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%

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Chapter7: Stocks (equity) - Characterstics And Valuation
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which one is correct please confirm?

QUESTION 37

  1. 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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