You bought a stock for $76.81 and sold it after 4 years for $100.37. What is the average compound annual​ return? Responses 7.58%   10.25%   6.92%   9.37%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
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You bought a stock for $76.81 and sold it after 4 years for $100.37. What is the average compound annual​ return?

Responses

7.58%

 

10.25%

 

6.92%

 

9.37%

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