Mr. Dow bought 100 shares of stock at $14 per share. Three years later, he sold the

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Mr. Dow bought 100 shares of stock at $14 per share. Three years later, he sold the stock for $20 per share. What is his annual rate of return?

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Foundations of Financial Management

ISBN: 978-1259277160

16th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Nov 30, 2016 11:31 PM

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Mr. Dow bought 100 shares of stock at $14 per share. Three years later, he sold the

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Foundations of Financial Management

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