Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Six months ago, you purchased 300 shares of a non-dividend paying stock for $27 a share. Today, you sold those shares for $31.59 a share.

image text in transcribed
Six months ago, you purchased 300 shares of a non-dividend paying stock for $27 a share. Today, you sold those shares for $31.59 a share. What was your annualized rate of return on this investment? A stock produced annual returns of 5, -21, 11, 42, and 4 percent over the past five years, respectively. What the geometric average return? Thomas decides to begin investing some portion of his annual bonus, beginning this year with $5,000. First year he earns a 8% return and adds $3,000 to his investment. In the second Ins portfolio loses 4% to his plan, he adds $1,000 to his portfolio. In this year his portfolio returns 2%. What is Tom's average return on his investments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Handbook Of Asian Finance Financial Markets And Sovereign Wealth Funds

Authors: David Lee, Greg N. Gregoriou

1st Edition

0128009829, 978-0128009826

More Books

Students also viewed these Finance questions