IBM's stock price at the end of 2021 was $300, up 20% for 2021. During 2020 IBM's

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IBM's stock price at the end of 2021 was $300, up 20% for 2021. During 2020 IBM's share price fell 40%. No dividends were paid.
Required

a) Calculate IBM's share price

b. Calculate the average annual return for an investor who bought IBM's share in early 2020 and soldthem at the end of year period, explain what it means.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Apr 05, 2023 06:15 AM

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IBM's stock price at the end of 2021 was $300, up 20% for 2021. During 2020 IBM's

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a To calculate IBMs share ... View the full answer

Income Tax Fundamentals 2013

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