You purchased a stock eight months ago for $36 a share.Today,you sold that stock for $41.50 a share.The stock pays no dividends.What was your annualized rate of return?
A) 23.32 percent
B) 24.77 percent
C) 25.70 percent
D) 26.03 percent
E) 27.67 percent
Correct Answer:
Verified
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