What is the annual rate of return


Question:

On January 1, 2005, Mr. Horsely bought 100 shares of stock at $12 per share. On December 31, 2008, he sold the stock for $18 per share. What is his annual rate of return? Interpolate to find the answer.

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the annual rate of return
Reference No:- TGS02050683

Now Priced at $20 (50% Discount)

Recommended (91%)

Rated (4.3/5)