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In January,2005 Harold Black Bought 100 Shares of Country Homes

Question 100

Essay

In January,2005 Harold Black bought 100 shares of Country homes for $37.50 per share.He sold them in January,2015 for a total of $9,727.50.Calculate Harold's annual rate of return.

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FV = PV × FVIF (App. A)
$9,727.50 = 100...

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