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Consider a one-month investment in Microsoft stock. Suppose you buy the stock this month at $85 and sell the stock the next month for $90.
Consider a one-month investment in Microsoft stock. Suppose you buy the stock this month at $85 and sell the stock the next month for $90. Further assume that Microsoft does not pay a dividend between the months. What is the continuously compounded monthly return on Microsoft stock (to 2 decimal places)? Select one: O a. 4.71% O b.5.71% O c.5.21% d. 6.21% e. 4.21%
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Introduction to Governmental and Not for Profit Accounting
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
7th edition
978-0132776011
