Question
Calculate the annual rate of return earned on a share of stock that was worth $0.12 on January 1, 1994, and $7.25 on January 1,
Calculate the annual rate of return earned on a share of stock that was worth $0.12 on January 1, 1994, and $7.25 on January 1, 2021? (Use the geometric mean). What kind of gain is this? Why is investing in pursuit of capital gains yield different from investing in pursuit of dividend yield?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
