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Two years ago, Sheila invested $1,000 in MNO mutual fund. At the end of the first year, her account was worth $1,200, and she invested
Two years ago, Sheila invested $1,000 in MNO mutual fund. At the end of the first year, her account was worth $1,200, and she invested another $1,000. At the end of the second year, MNO's shares were priced at $50 a share. MNO paid no dividends during the 2 year period. If Sheila originally purchaed 22 shares, what was MNO's annualized rate of return over the 2-year period?
A. 0.53%
B. 4.88%
C. 10%
D. 20%
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