3 years ago you bought a stock for $15.43 and just sold it for $59.08. The...
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3 years ago you bought a stock for $15.43 and just sold it for $59.08. The stock did not pay any dividends over your holding period. What was your annualized rate of return? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99). 3 years ago you bought a stock for $15.43 and just sold it for $59.08. The stock did not pay any dividends over your holding period. What was your annualized rate of return? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).
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SOLUTION The annualized rate can be calculated as We ha... View the full answer
Related Book For
Principles of managerial finance
ISBN: 978-0132479547
12th edition
Authors: Lawrence J Gitman, Chad J Zutter
Posted Date:
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