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On december 24 2008 the common stock of apple inc appl was

(Calculating rates of return)

On December 24, 2008, the common stock of Apple Inc. (APPL) was trading for $700.73. One year later the shares sold for only $298.02. APPL has never paid a common stock dividend. What rate of return would you have earned on your investment had you purchased the shares on December 24, 2007?

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Finance Basics: On december 24 2008 the common stock of apple inc appl was

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