Consider an investment that covers a $2-$year period. At time t$=0,$ an investor bought one share at $$95.$ At time t$=1$ she purchased another share of the same company at $$120.$ At the end of t$=2$ she had to sell both shares for $$105$ each. What is the average rate of return over the $2-$year period?

Answer rating: 100% (QA)

The average rate of return can be calculated using the following formula Aver... View the full answer