April Wine bought 425 shares of stock at $5.50 per share. Four years later she sold the
Question:
April Wine bought 425 shares of stock at $5.50 per share. Four years later she sold the stock for $21 per share. What was her annual growth rate (rate of return, ROR) for her capital?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
April Wine Return is between 35 40 for 4 years Appendix B PV IF 35 30...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Foundations Of Financial Management
ISBN: 9781259265921
11th Canadian Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Question Posted:
Students also viewed these Business questions
-
Jerri Kingston bought 100 shares of stock at $80 per share using an initial margin of 60%. Given a maintenance margin of 25%, how far does the stock have to drop before Jerri faces a margin call?...
-
Jake Cornwall just bought a $1,000 par value, 8% coupon rate, 30 year bond of the Pristine Corp. Interest rates had risen somewhat between the time the coupon rate was set and the bond was issued, so...
-
Suppose you bought 100 shares of stock at an initial price of $37 per share. The stock paid a dividend of $0.28 per share during the following year, and the share price at the end of the year was...
-
Greenback Sporting, a retailer of outdoor wear and sporting equipment, is investigating an opportunity to purchase Active Lifestyle Inc. An acquisition is expected to lower overhead costs, improve...
-
Carbon monoxide (CO) and nitric oxide (NO) are polluting gases contained in automobile exhaust. Under suitable conditions, these gases can be made to react to form nitrogen (N2) and the less harmful...
-
What are the arguments for and against allowing defendants without any legal training to represent themselves in felony prosecutions? How far should a trial judge go in advising a defendant of the...
-
Suppose you document your answers to questions 1-5, along with your assessment of feasibility, in a report or PowerPoint presentation. What will you do with that report? And why?
-
Knight Roundtable Co. has annual credit sales of $1,080,000 and an average collection period of 32 days in 2008. Assume a 360-day year. What is the companys average accounts receivable balance?...
-
Use the following information to determine net income in the financial statements under GAAP: Number of boats to be sold560Upstream costs$ 5,300,000Direct materials per boat$ 56,000Direct labor per...
-
If electron-positron annihilation into fermion-antifermion pairs were only mediated by a virtual photon... more than one answer possible 1. the cross-section would be proportional to the square of...
-
On January 1, 2016, Charley Dow bought 1,000 shares of stock at $12 per share. On December 31, 2018, he sold the stock for $18 per share. What was his annual rate of return?
-
AI Counsel purchased 357 shares of Eco-Survival Tours on July 1, 2016 for $5.00 per share. Find his annual rate of return if he sold the stock a. On June 30, 2017, for $6.00 per share. b. On December...
-
An e-mail announcing introducing a new manager: a. Please welcome our new HR manager, Kristi Bostock, who comes from our Chicago office. Kristi is a 17-year management veteran with a strong focus on...
-
Could I obtain assistance with these . problems? 1. Find the coordinates of the turning points of the curve y=3x^4-8x^3-30x^2+72x+5. Determine the nature of these points. "Determine the nature"...
-
1 . In 1 9 6 0 the homeownership rate in the United States was 6 2 % . Is there evidence to indicate that the homeownership rate is now higher? To answer the question, the researchers sample 5 0 2...
-
A certain disease is classified into 4 stages that distinguish how developed the disease is. Researchers studying a new potential treatment recruited over 100 patients with varying stages of the...
-
1. (20) Let and Dor {abnm or 2n m} = Dand = {a"b" nm and 2n m}. Prove that Dor and Dand are both context-free.
-
Given n samples 1 , 2 , . . . , x 1 ,x 2 ,...,x N drawn independently from a Poisson distribution unknown parameter , find the MLE of . = = 1 MLE = i=1 n x i = = 1 MLE =n i=1 n x i = = 1 MLE = i=1 n...
-
Key figures for Samsung follow. Required 1. Compute cash and cash equivalents as a percent (rounded to one decimal) of total current assets, total assets, total current liabilities, and total...
-
Ask students to outline the reasons why the various elements of culture (social structures and control systems, language and aesthetics, religion and other belief systems, educational systems, etc.)...
-
Explain how convertible bonds and warrants are similar and different.
-
Why is it said that convertible securities have a floor price?
-
How can a company force conversion of a convertible bond?
-
Production numbers for 2 shifts are shown. The shift supervisor of Shift 2 insists to the production manager that her operators are more productive than the ones on Shift 1. Using a confidence level...
-
In a class, the scores that students got are as shown. What are the 25, 50, 75 and 100th percentiles for the data? 84 84 98 80 89 83 85 56 85 84 84 74 84 81 83 80 45 86 67 79 81 78 76 85 83 77 86 83...
-
Number of points made by Teams A and B are shown. Which statement is true based on running the F-Test Two-Sample for Variances in the Data Analysis pack in Excel? Use a confidence level of 10% to...
Study smarter with the SolutionInn App