What was the yield on the investment
After 16 years, 100 shares of stock originally purchased for $1000 was sold for $7,000. What was the yield on the investment? Choose the closest answer.
Question options:
i) 19%
ii) 5%
iii) 13%
iv) 8%
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After 16 years, 100 shares of stock originally purchased for $1000 was sold for $7,000. What was the yield on the investment?
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