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In January, 19925 Harold Black Bought 100 Shares of Country

Question 64

Essay

In January, 19925 Harold Black bought 100 shares of Country homes for $37.50 per share. He sold them in January, 2005 for a total of $9,727.50. Calculate Harold's annual rate of return.

Correct Answer:

verifed

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blured image FV = PV x FVIF (App. A)
$9,727.50 = 100...

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