You sold a certain financial asset for $133.10 just now. You had purchased this asset three years
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Question:
You sold a certain financial asset for $133.10 just now. You had purchased this asset three years ago for $100.00. Your investment of $100 in this asset in the market had a value of $116.00 at the end of the first year, $91.00 in the second year, and $133.10 at the end of the third year.
Determine the rate of return for each year, the average annual rate of return during the entire investment period, and the (annual) compound average growth rate (CAGR) of your investment.
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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