Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock had annual returns of - 1 0 . 4 % , - 1 9 % , - 0 . 5 % , 2

A stock had annual returns of -10.4%,-19%,-0.5%,28.2%, and 20% over a five-year period. If you invested $100,000 in this stock at the beginning of the five-year period, how much was your investment worth at the end of the five-year period?
$111,092.66
$55,825.46
$106,068.37
$144,420.46
$133,311.20
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Enterprise Risk Management In Finance

Authors: David L. Olson, Desheng Dash Wu

1st Edition

1349691038, 978-1349691036

More Books

Students also viewed these Finance questions