Eight months ago,you purchased 300 shares of a non-dividend paying stock for $27 a share.Today,you sold those shares for $31.59 a share.What was your annualized rate of return on this investment?

Name: Eight months ago,you purchased 300 shares of a non-dividend paying stock for $27 a share.Today,you sold those shares for $31.59 a share.What was your annualized rate of return on this investment?
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Question

Quizplus · Accepted Answer

HPR = ($31.59 − $27)/$27 = 0.17 Annualized rate of return = (1 + 0.17)^12/8 - 1 = 26.55 percent

Eight Months Ago,you Purchased 300 Shares of a Non-Dividend Paying