An investor bought 1,000 shares of Citigroup in January 2009 for $3.55 a share. She sold all

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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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Business Statistics Communicating With Numbers

ISBN: 9780078020551

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Authors: Sanjiv Jaggia, Alison Kelly

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Question Posted: Dec 20, 2016 09:56 AM

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An investor bought 1,000 shares of Citigroup in January 2009 for $3.55 a share. She sold all

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a The rate of return is b We use CPI to compute the ...View the full answer

Business Statistics Communicating With Numbers

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