Essay
You bought a stock for $20 and sold it for $59.72 after six years. What was the annual rate of return?
Correct Answer:
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$20(1+g)6=$59.72(1+g)6=$59.72/$20=2.986Use...View Answer
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Correct Answer:
Verified
$20(1+g)6=$59.72(1+g)6=$59.72/$20=2.986Use...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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