The following chart shows monthly figures for Apple stock in 2010.† The graph contains a series of 12 points connected by curves. The curves and the approximate points they connect are as follows. The curves start at (Jan-10, 211.98), go down and right to (Feb-10, 195.46), go up and right to (Mar-10, 218.95), go up and right to (Apr-10, 235.97), go down and right to (May-10, 235.86), go up and right to (Jun-10, 255.96), go down and right to (Jul-10, 246.94), go up and right to (Aug-10, 260.09), go down and right to (Sep-10, 258.77), go up and right to (Oct-10, 294.07), go up and right to (Nov-10, 317.13), and go up and right to stop at (Dec-10, 317.44). Marked are the following points on the chart. Jan. 10 Feb. 10 Mar. 10 Apr. 10 May 10 June 10 211.98 195.46 218.95 235.97 235.86 255.96 July 10 Aug. 10 Sep. 10 Oct. 10 Nov. 10 Dec. 10 246.94 260.09 258.77 294.07 317.13 317.44 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 .

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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The following chart shows monthly figures for Apple stock in 2010.†

The graph contains a series of 12 points connected by curves. The curves and the approximate points they connect are as follows.

The curves start at (Jan-10, 211.98),
go down and right to (Feb-10, 195.46),
go up and right to (Mar-10, 218.95),
go up and right to (Apr-10, 235.97),
go down and right to (May-10, 235.86),
go up and right to (Jun-10, 255.96),
go down and right to (Jul-10, 246.94),
go up and right to (Aug-10, 260.09),
go down and right to (Sep-10, 258.77),
go up and right to (Oct-10, 294.07),
go up and right to (Nov-10, 317.13),
and go up and right to stop at (Dec-10, 317.44).

Marked are the following points on the chart.

Jan. 10	Feb. 10	Mar. 10	Apr. 10	May 10	June 10
211.98	195.46	218.95	235.97	235.86	255.96
July 10	Aug. 10	Sep. 10	Oct. 10	Nov. 10	Dec. 10
246.94	260.09	258.77	294.07	317.13	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 .

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