Paul Joubert retired from his firm. He has continued to hold his private retirement investments in a

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Paul Joubert retired from his firm. He has continued to hold his private retirement investments in a portfolio of common stocks and bonds. At the beginning of 2002, when he retired, his account was valued at €453,000. By the end of 2002, the value of his account was €523,500. Joubert made no contributions to or withdrawals from the portfolio during 2002. What rate of return did Joubert earn on his portfolio during 2002?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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