Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Four years after buying 1 0 0 shares of XYZ stock for $ 4 5 per share, you sell the shares for a total of

Four years after buying 100 shares of XYZ stock for $45 per share, you sell the shares for a total of $6,300. Find the annual return (to the nearest hundredth of a percent) on your investment.
A 7.08%%
B 8.58%%
C 8.78%%
D 10.00%%
E None of the above.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of Financial Risk Management

Authors: Thierry Roncalli

1st Edition

1138501875, 978-1138501874

More Books

Students also viewed these Finance questions