Suppose that, in early February 2016, you bought shares of Apple (AAPL). This was five years ago and now you decide to evaluate them to see if you have done well with this investment. The table below shows the market prices of AAPL.

AAPL Stock Prices
Date	Price
2016	823.48
2017	1,450.89
2018	1,718.73
2019	2,008.72
2020	3,206.20
2021	3,293.97

Develop a formula to calculate your rate of return for each year. Format the results as percentages with two decimal places.

On the same worksheet, calculate the total return for the entire period of the stock.

Answer rating: 100% (QA)

To calculate the rate of return for each year we can use the following formula Rate of Return Ending ... View the full answer