Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If Penny bought a stock for $80 dollar. Could sell it 15 years later for 4 times what she originally paid. What is Penny's return

If Penny bought a stock for $80 dollar. Could sell it 15 years later for 4 times what she originally paid.



What is Penny's return on owning this stock?

Step by Step Solution

3.41 Rating (170 Votes )

There are 3 Steps involved in it

Step: 1

To calculate Pennys return on owning the stock we need to determine the percentage increase in ... 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

Fundamentals of Investments

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

3rd edition

132926172, 978-0132926171

More Books

Students also viewed these Accounting questions

Question

What is the purpose of a Notice of Assessment?

Answered: 1 week ago

Question

How do you get the ResultSet of a stored procedure?

Answered: 1 week ago

Question

What is meant by the term "double taxation of corporate income"?

Answered: 1 week ago