Multiple Choice
You purchased a stock five months ago for $40 a share. Today, you sold that stock for $44 a share. The stock pays no dividends. What was your annualized rate of return?
A) 23.93 percent
B) 24.77 percent
C) 25.70 percent
D) 26.03 percent
E) 27.67 percent
Correct Answer:
Verified
Correct Answer:
Verified
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