Lou Spence bought a stock seven years ago for $15.00 a share. If it is now selling

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Lou Spence bought a stock seven years ago for $15.00 a share. If it is now selling for $42.39 a share, what is the stock's compound annual growth rate? (No dividends were paid.)

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

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

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Question Posted: Sep 15, 2018 10:37 AM

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Lou Spence bought a stock seven years ago for $15.00 a share. If it is now selling

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Lou Spence Appendix B n 7 IF PV 35...View the full answer

Foundations of Financial Management

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