Question
You buy 100 shares of stock in QBC Corp. at $40 per share. It is a good buy, for 4 years, 3 months later you
You buy 100 shares of stock in QBC Corp. at $40 per share. It is a good buy, for 4 years, 3 months later you sell these shares of stock for $114 7/8. What is the annual rate of return on this fortunate investment?
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Get StartedRecommended Textbook for
Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
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