Mr. Dow bought 100 shares of stock at $29 per share. Three years later, he sold...

Question

Question

Mr. Dow bought 100 shares of stock at $29 per share. Three years later, he sold the stock for $35 per share.

What is his annual rate of return? Use Appendix B for an approximate answer, but calculate your final answer using the financial calculator method

business finance

Answer 1

Answer #1

C7 fc =RATE(C2,C3,-C4,C5, C6) A B с D 1 3 2 NPER 3 PMT 4 PV 0 29 5 FV Total No.of Payments Payment per period Present Value F

Answer 2

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