We have a stock cummings and despotakis campd which we buy


We have a stock Cummings and Despotakis (C&D) which we buy for $100. We keep it for 6 years at which point we sell it for $250. During the six year period, it pays us $6 per annum, which we reinvest at 5% annual return. Calculate the rate of return we make per annual.

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Financial Management: We have a stock cummings and despotakis campd which we buy
Reference No:- TGS01564741

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