Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a person buys a stock for $10 and sells it after 15 years for $20, what would be the annual compound return? (Hint:

 

 


image

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%)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provi... 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_2

Step: 3

blur-text-image_3

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

Personal Finance

Authors: Thomas Garman, Raymond Forgue

12th edition

9781305176409, 1133595839, 1305176405, 978-1133595830

More Books

Students also viewed these Finance questions