Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I purchased a stock 4 years ago and just sold it today. In years 1, 2, 3, and 4 of my investment, the stocks return
I purchased a stock 4 years ago and just sold it today. In years 1, 2, 3, and 4 of my investment, the stocks return was -5%, 10%, and 12% and 5%, respectively. What is the average annual rate of return I earned on my investment?
7.32% | ||
5.29% | ||
8.75% | ||
9.24% |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started