Question
You bought 100 shares of stock 20 years ago for $1.92 per share. You sold the shares 5 years ago for $10.43 per share. What
You bought 100 shares of stock 20 years ago for $1.92 per share. You sold the shares 5 years ago for $10.43 per share. What was your approximate annual rate of return on the investment?
A) 54.30%.
B) 5.43%.
C) 18.41%.
D) 11.94%.
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Investment Science
Authors: David G. Luenberger
1st Edition
0195108094, 978-0195108095
