Calculating rates of return on december 24 2013 the common, Ask an Expert

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(Calculating rates of return) On December 24, 2013, the common stock of Apple Inc. (APPL) was trading for $700.73. One year later the shares sold for only $298.02. APPL has never paid a common stock dividend. What rate of return would you have earned on your investment had you purchased the shares on December 24, 2007?

No price is given for the shares on 12/24/2007 but when searched on the internet the average price that day was $28.40 .

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Financial Management, Finance

Category:- Financial Management
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