On December 24, 2007, the common stock of Google Inc. (GOOG) was trading for $700.73. One year

Question:

On December 24, 2007, the common stock of Google Inc. (GOOG) was trading for $700.73. One year later the shares sold for only $298.02. Google has never paid a common stock dividend. What rate of return would you have earned on your investment had you purchased the shares on December 24, 2007?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...