Problemyou sold 100 shares of stock today for 30 per share, Ask an Expert

Accounting

Problem:

You sold 100 shares of stock today for $30 per share that you paid $20 for 6 years ago.

Requirement:

Question: Determine the average annual rate of return on your investment, assuming the stock paid no dividends.

a. 25%

b. 8.33%

c. 150%

d. 7%

Note: Please provide reasons to support your answer.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173135

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