On January 1, 2011, Mr. Dow bought 100 shares of stock at $14 per share. On December

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On January 1, 2011, Mr. Dow bought 100 shares of stock at $14 per share. On December 31, 2013, he sold the stock for $20 per share. What is his annual rate of return? Interpolate to find the answer.

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 06:48 AM

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On January 1, 2011, Mr. Dow bought 100 shares of stock at $14 per share. On December

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Foundations of Financial Management

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