On January 1, 2013, Charley Dow bought 1,000 shares of stock at $12 per share. On December
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On January 1, 2013, Charley Dow bought 1,000 shares of stock at $12 per share. On December 31, 2015, he sold the stock for $18 per share. What was his annual rate of return?
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Return is between 14 15 for 3 years Appendix B PV IF 14 675 PF ...View the full answer
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Related Book For 
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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