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Using the data in the Table 1, compute the actual simple annual return between December 2014 and December 2015. If you invested $10,000 in the
Using the data in the Table 1, compute the actual simple annual return between December 2014 and December 2015. If you invested $10,000 in the Microsoft stock at the end of December 2014, how much would the investment be worth at the end of December 2015?
A.19.44% and $11,944.03
B. 13.81% and $11,381.00
C. 22.87% and $12,287.00
D.17.41% and $11,741.00
Table 1 Monthly Stock Price of Microsoft Stock (MSFT) Date Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 MSFT S46.45 S40.40 S43.85 S40.66 S48.64 S46.86 S44.15 S46.70 S43.52 S44.26 S52.64 S54.35 S55.48 4 6 10 12 13 14 15 16 17 18 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15Step by Step Solution
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