Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you bought a stock for $ 1 2 . 9 per share and you sold it for $ 4 7 . 3 after 2

Suppose you bought a stock for $12.9 per share and you sold it for $47.3 after 2 years. The stock did not pay any dividends. What was your compound average monthly return from this investment? Answer in percent, rounded to two decimal places.

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

Short Term Financial Management

Authors: Terry S. Maness, John T. Zietlow

3rd Edition

0324202938, 978-0324202939

More Books

Students also viewed these Finance questions

Question

5. Which types of memory are least impaired in H. M.?

Answered: 1 week ago