Multiple Choice
A private post-secondary corporation had a 1-year low stock price of $18.69 and a high of $40.47. Assuming that you bought it at the lowest price and sold it at its highest price, what is the simple annual rate of return on your stock purchase?
A) 107.812%
B) 106.712%
C) 107.612%
D) 116.533%
E) 126.712%
Correct Answer:
Verified
Correct Answer:
Verified
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