Question: Suppose you bought a stock for $ 5 0 . 0 per share and you sold it for $ 1 2 . 0 after 4

Suppose you bought a stock for $

50.0

per share and you sold it for $

12.0

after

4

years. The stock did not pay any dividends. What was your compound average monthly return from this investment? Answer in percent, rounded to two decimal places.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 Finance Questions!

A ball is at rest 128.43 meters above the ground. If it is allowed to fall under the influence of gravity only (ignore air resistance), how fast (in meters per second) is it moving just before...

The scores on a test were normally distributed with a mean of 1060 and a standard deviation of 95 . A randomly selected student scored 1230 on the test. What is the z-score that corresponds to the...

The data 69, 68, 64, 61, 65, 64, 71, 67, 62, 63, 61, 64, 75, 67, 60, 59, 64, 69, 65, 72 consists of the heights (in inches) of 20 randomly selected women. Find the 20% trimmed mean of the data set....

An object is placed on the principal axis of a concave mirror of focal length 10 cm at a distance of 80 cm from the pole. Find the position and the nature of the image.

Give an example where lazy replication can lead to an inconsistent database state even when updates get an exclusive lock on the primary (master) copy.

1. UPS through CIP (Community Internship Program) are trying to inject a new dimension into its corporate culture. What does this cultural changes intend to look like and how can it affect the...

We have n chips numbered 1, 2,, n. Tom, who likes fancy experiments, selects a chip at random and if the number on that chip is i, he tosses a coin i times (1 i n). Tom has just completed this...

At the beginning of each year, the Accounting Department at Moon Glow Lighting, Ltd., must find the point at which projected sales revenue will equal total budgeted variable and fixed costs. The...

Duke Energy Corp has a project costing $8.5 million. The firm expects the project to generate cash flows of $2 million, $3 million, $4 million, and $5 million over the next four years. Its cost of...

Liz and Moss disagree over the amount due under their contract. To avoid involving any third party in the resolution of their dispute, Liz and Moss might prefer to use the alternative dispute...

In regards to productivity through the use of determining the number of units produced during each work hour by employees. How does this produce an accurate representation of each individual employee...

Q2 A large all-equity pension fund company with AUM of $500Billion that is closely following S&P 500 index is facing a possibility of new regulatory changes in its management of market risk. The new...

Locate a competitor for Mars. a. Identify ERM processes used by the organization that are the same or different from those used by Mars. b. Select two ERM processes used by the competitor that you...

Client Feedback Report The couple has decided to proceed with the Buffet menu for their Wedding Reception. They do require some additional information and advice on several areas. As the Catering...

Watch the Netflix documentary "Fugitive: The Curious Case of Carlos Ghosn" and analyze it through the lenses of Hoefstede's dimensions. Also, use your knowledge about Bennett, Deardorf, and...

EX 1 8 - 1 4 Cost per equivalent unit The following information concerns production in the Forging Department for June. All direct materials are placed into the process at the beginning of...

What are the key dimensions of critical thinking 2. Watch the NBC Learn video on Diet Scams. What types of claims are made in this video Are they valid Elaborate on your responses. Discuss this video...

Describe how to distinguish needs from wants.

Explain how to control impulses.

Define critical thinking and list its seven standards.