Question
If a person buys a stock for $10 and sells it after 15 years for $20, what would be the annual compound return? (Hint:
If a person buys a stock for $10 and sells it after 15 years for $20, what would be the annual compound return? (Hint: find the rate). Your answer should be in % terms (if your calculated answer is .04 then type 4 in the answer box. Don't type%)
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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