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 

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

1 Expert Approved Answer
Step: 1 Unlock

Given Number of shares Purchase 100 shares Purchase price 20 pe... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!