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7. Google (now called Alphabet) went public April 2004 with a share price of $84. Since then, the company split its stock into two classifications
7. Google (now called Alphabet) went public April 2004 with a share price of $84. Since then, the company split its stock into two classifications (GOOG-A & GOOG-B). Since then, each share class split again 20:1. An investor who bought one share of Google in April 2004 at the initial public offering (IPO) price of $84, would now own 20 shares of GOOG-A & 20 shares of GOOG-B. Assume that in April 2023, the prices of GOOG-A & GOOG-B were $123 & $124 per share respectively. What was the investor's annualized return during this period
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