Stocks originally purchased for $10/share was sold for $50/share. What was the annual return on the investment,

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Stocks originally purchased for $10/share was sold for $50/share. What was the annual return on the investment, if shares were sold after 15 years?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Posted Date: May 04, 2024 01:24 AM

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Stocks originally purchased for $10/share was sold for $50/share. What was the annual return on the investment,

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We can calculate the total return on investment ROI as a percentage but since we dont hav... View the full answer

Investments

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