You purchased stock for $10,000 ten years ago. Now the stock is worth $25,000. What was your annual rate of return? 150% O no solution O 9.6% O 115% O 9.2%

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 2P
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You purchased stock for $10,000 ten years ago. Now the stock is worth $25,000. What was your annual rate of
return?
150%
O no solution
O 9.6%
O 115%
O 9.2%
Transcribed Image Text:You purchased stock for $10,000 ten years ago. Now the stock is worth $25,000. What was your annual rate of return? 150% O no solution O 9.6% O 115% O 9.2%
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