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You purchased a stock for $50.00 share at the end of 2014. At the end of the years 2015 2018 the stock was worth $54.75,
You purchased a stock for $50.00 share at the end of 2014. At the end of the years 2015 2018 the stock was worth $54.75, $59.13, $56.41, and $60.06 respectfully. You sold the stock at the end of 2019 for $62.00 per share. Calculate your arithmetic mean annual return for the stock during the period in which you owned it. Report your answer to 2 decimal places (13.358% = 13.36).
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