April Wine bought 425 shares of stock at $5.50 per share. Four years later she sold the

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April Wine bought 425 shares of stock at $5.50 per share. Four years later she sold the stock for $21 per share. What was her annual growth rate (rate of return, ROR) for her capital?

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Foundations Of Financial Management

ISBN: 9781259265921

11th Canadian Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

Question Posted: Dec 04, 2019 12:43 PM

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April Wine bought 425 shares of stock at $5.50 per share. Four years later she sold the

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April Wine Return is between 35 40 for 4 years Appendix B PV IF 35 30...View the full answer

Foundations Of Financial Management

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