After 10 years, some shares of stock originally purchased for $500 total were sold for $900 total. What was the yield on the investment? Choose the closest answer.
A) 10%
B) 4%
C) 8%
D) 6%

Name: After 10 years, some shares of stock originally purchased for $500 total were sold for $900 total. What was the yield on the investment? Choose the closest answer. A) 10% B) 4% C) 8% D) 6%
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Question

Quizplus · Accepted Answer

PVIF = PV/FV (App. B: 10 periods)
= $500/$900 = 0.555 Yield = approx 6%

After 10 Years, Some Shares of Stock Originally Purchased for $500