You purchased stock for $25,000 ten years ago.  Now the stock is worth $10,000.  What was your annual rate of return?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
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You purchased stock for $25,000 ten years ago.  Now the stock is worth $10,000.  What was your annual rate of return?
 
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