After 20 years,100 shares of stock originally purchased for $1,000 was sold for $5,000.What was the annual yield on the investment? Choose the closest answer.
A) 19.00%
B) 5.00%
C) 12.70%
D) 8.38%
Correct Answer:
Verified
Q4: In determining the compound sum of a
Q5: Ambrin Corp.expects to receive $2,000 per year
Q7: Mr.Fish wants to build a house in
Q8: Babe Ruth Jr.has agreed to play for
Q10: An annuity may be defined as:
A) a
Q11: The concept of time value of money
Q12: You are to receive $12,000 at the
Q13: As the interest rate increases,the present value
Q14: Dr.J.wants to buy an IBM personal computer
Q48: Under what conditions must a distinction be
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents