Question
11 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a 4:1 split, and the price per
11 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a 4:1 split, and the price per share decreased by 10.9%. What would be the rate of return on your investment if you sold your shares today?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
