What annual rate of return would you earn if you buy a security for $6,500 and sell it 6 years later for $10,000 (assume that there are no other cash flows between the time you buy and the time you sell the security)? Express your answer as a percentage and round your answer to two decimal places (e.g., 6.25%).

Answer rating: 100% (QA)

The annual rate of return can be calculated using the following formula Annual rate of ret... View the full answer