April Wine bought 425 shares of stock at $5.50 per share. Four years later she sold the

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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?

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Foundations Of Financial Management

ISBN: 9781259265921

11th Canadian Edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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