You purchased a stock five months ago for $40 a share. Today, you sold that stock for $44 a share. The stock pays no dividends. What was your annualized rate of return?
A) 23.93 percent
B) 24.77 percent
C) 25.70 percent
D) 26.03 percent
E) 27.67 percent

Question

Quizplus · Accepted Answer

The Answer of You purchased a stock five months ago for $40 a share. Today, you sold that stock for $44 a share. The stock pays no dividends. What was your annualized rate of return?
A) 23.93 percent
B) 24.77 percent
C) 25.70 percent
D) 26.03 percent
E) 27.67 percent

You Purchased a Stock Five Months Ago for $40 a Share