Question
Bob has been investing $2,500 in stock at the end of every year for the past 11 years. If the account is currently worth $49,300,
Bob has been investing $2,500 in stock at the end of every year for the past 11 years. If the account is currently worth $49,300, what was his annual return on this investment?
Multiple Choice
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10.59%
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12.39%
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12.74%
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10.29%
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11.15%
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
