Steven purchased 1 0 0 0 shares of a certain stock for $ 2 6 , 1

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Question:

Steven purchased

1000

shares of a certain stock for $

26, 100 (

including commissions

) .

He sold the shares

4

years later and received $

34, 500

after deducting commissions. Find the effective annual rate of return on his investment over the

4 -

year period.

(

It is not

7.22 %)

Posted Date: May 19, 2024 04:06 AM

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Steven purchased 1 0 0 0 shares of a certain stock for $ 2 6 , 1

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