If a person buys a stock for $10 and sells it after 15 years for $20,...

 

 

Transcribed Image Text:

If a person buys a stock for $10 and sells it after 15 years for $20, what would be the annual compound return? (Hint: find the rate). Your answer should be in % terms (if your calculated answer is .04 then type 4 in the answer box. Don't type%) If a person buys a stock for $10 and sells it after 15 years for $20, what would be the annual compound return? (Hint: find the rate). Your answer should be in % terms (if your calculated answer is .04 then type 4 in the answer box. Don't type%)

Answer rating: 100% (QA)

The detailed answer for the above question is provi... View the full answer