On January 1, 2005, Mr. Dow bought 100 shares of stock at $12 per share. On December
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On January 1, 2005, Mr. Dow bought 100 shares of stock at $12 per share. On December 31, 2008, he sold the stock for $18 per share. What is his annual rate of return? Interpolate to find the answer.
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Related Book For 
Foundations Of Financial Management
ISBN: 9780073295817
12th Edition
Authors: Stanley B Block, Geoffrey A Hirt
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