An investor bought 1,000 shares of Citigroup in January 2009 for $3.55 a share. She sold all
Question:
An investor bought 1,000 shares of Citigroup in January 2009 for $3.55 a share. She sold all of her shares in December 2009 for $3.31 a share.
a. What annual rate of return did the investor earn?
b. Use the CPI information from Exercise 40 to compute the inflation rate for 2009.
c. What is the investor's real rate of return?
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Related Book For
Business Statistics Communicating With Numbers
ISBN: 9780078020551
2nd Edition
Authors: Sanjiv Jaggia, Alison Kelly
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