Essay
What would be the 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:
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(b)$32.22/$20 = 1.611 Referrin...View Answer
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