Question
A woman made ten annual end-of-the-year purchaces of $1000 of common stock. At the end of the tenth year, she sold all the stock for
A woman made ten annual end-of-the-year purchaces of $1000 of common stock. At the end of the tenth year, she sold all the stock for $12000. what interest rate did she obtain on her investment?
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
3rd Edition
0324274319, 9780324274318
