A stock investor deposited $2,000 five years ago in a non-dividend paying stock. Today the stock is

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A stock investor deposited $2,000 five years ago in a non-dividend paying stock. Today the stock is valued at $3,077.

What annual rate of return has this investor earned (use annual compounding)?

Related Book For answer-question

Fundamentals Of Corporate Finance

ISBN: 9780135811603

5th Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Posted Date: Jun 08, 2023 05:34 AM

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A stock investor deposited $2,000 five years ago in a non-dividend paying stock. Today the stock is

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Fundamentals Of Corporate Finance

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