Question
Joe invests in Amazon stock at $1000. In 2 years the stock is at $1500. Which of the following is true regarding his effective annual
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Joe invests in Amazon stock at $1000. In 2 years the stock is at $1500. Which of the following is true regarding his effective annual return? Assume that the stock does not pay a dividend.
a. It is less than 25%
b. It is equal to 25%
c. It is greater than 25%
d. None of the above are true
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Personal Finance Version 3.1
Authors: Rachel S. Siegel
3rd Edition
1453334807, 978-1453334805
