Question
Please provide an explanation on how to get to the answer. Suppose that 24 years ago you purchased 100 shares of Adobe Systems common stock
Please provide an explanation on how to get to the answer.
Suppose that 24 years ago you purchased 100 shares of Adobe Systems common stock for $750 (excluding commission).Since then they've had five 2:1 stock splits, they're currently selling for $36.25 per share, and you haven't sold any of your shares.
What is the Average Annual Return on the stock?
Answer [23.37%]
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International Finance Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
10th edition
978-0133425895, 133425894, 978-0133423631, 133423638, 978-0133423648
