Multiple Choice
What would be the annual compound return on a stock purchased at $20 per share, held for 5 years, and sold for $32.22? Ignore brokerage commissions and tax implications and assume the stock paid no dividends during the holding period. Round to the nearest whole percent if necessary.
A) 3%
B) 10%
C) 15%
D) 16%
Correct Answer:
Verified
Correct Answer:
Verified
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