Question: Two years ago you bought 100 shares of MegaCorp for $20 per share. Last year you bought another 100 shares for $16 per share.
Two years ago you bought 100 shares of MegaCorp for $20 per share. Last year you bought another 100 shares for $16 per share. Yesterday you sold the 200 shares for $26. What is your compound annual return on the investment? % (Round your answer to one decimal.)
Step by Step Solution
3.53 Rating (156 Votes )
There are 3 Steps involved in it
Given Number of shares Purchase 100 shares Purchase price 20 pe... View full answer
Get step-by-step solutions from verified subject matter experts
