Solved

You Sold 100 Shares of Stock Today for $30 Per

Question 21

Multiple Choice

You sold 100 shares of stock today for $30 per share that you paid $20 for 6 years ago. Determine the average annual rate of return on your investment, assuming the stock paid no dividends.


A) 25%
B) 8.33%
C) 150%
D) 7%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: Explain the concept of interest and compare

Q17: Finding the discounted current value of $1,000

Q18: You purchased a piece of property for

Q19: The more frequent the compounding, the _.<br>A)

Q20: You have just won a $50,000 bond

Q22: You just purchased a new $25,000 car

Q23: The process of finding present values is

Q24: _ interest is paid not only on

Q25: The effective rate of interest will always

Q26: Which of the following statements is (are)