Question
On Jan 1 st 1995, Mr. Samson bought 100 shares at the rate of $13 per share, on Dec 31 st he sold the stock
On Jan 1st 1995, Mr. Samson bought 100 shares at the rate of $13
per share, on Dec 31st he sold the stock for $20.5 per share. What
annual rate of return that he received?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the annual rate of return that Mr Samson received on his investment we can use the f...
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
