Question
An investor purchased stock for $10,000. He sold it three years later for $12,500. During that time he received $3000 in dividend. Using the compound
An investor purchased stock for $10,000. He sold it three years later for $12,500. During that time he received $3000 in dividend. Using the compound annual growth rate (CAGR), what was his approximate percentage return?
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Options Futures and Other Derivatives
Authors: John C. Hull
10th edition
013447208X, 978-0134472089
