Multiple Choice
After 10 years,1,000 shares of stock originally purchased for $10/share was sold for $50/share.What was the annual yield on the investment? Choose the closest answer assuming annual compounding.
A) 500.00%
B) 5.00%
C) 12.70%
D) 17.46%
Correct Answer:
Verified
Correct Answer:
Verified
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