If a person buys a stock for $10 and sells it after 10 years for $20, the annual compound return is 10%.

Name: If a person buys a stock for $10 and sells it after 10 years for $20, the annual compound return is 10%.
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Question

If a person buys a stock for $10 and sells it after 10 years for $20, the annual compound return is 10%.​

Quizplus · Accepted Answer

The annual compound return is approximately 7.18%, calculated using the formula for compound annual growth rate (CAGR) = [(Final Value/Initial Value)^(1/Number of Years)] - 1.

If a Person Buys a Stock for $10 and Sells