Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The NASDAQ rose from $ 1 3 0 0 0 . 0 0 to $ 1 4 5 0 0 . 0 0 over 6

The NASDAQ rose from $13000.00 to $14500.00 over 6 years. What was the annual rate of return on the NASDAQ during this period?
r =%
INSTRUCTIONS: Place your answer in PERCENTAGE form with at least 2 decimal places. For example, an answer of three and one-quarter percent is entered as 3.25 and not as 0.0325. ALSO, DO NOT USE A PERCENT SIGN IN YOUR ANSWER. You should work your analysis using at least four decimal places of accurac

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

Financial Management An Introduction

Authors: Jim McMenamin

1st Edition

0415181623, 9780415181624

More Books

Students also viewed these Finance questions

Question

Cite common obstacles to reaching your goals.

Answered: 1 week ago

Question

4 What is the recruitment phase?

Answered: 1 week ago