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You bought stock in ZULU corp. 5 years ago at $ 31.12​/share. You just sold it...

You bought stock in ZULU corp. 5 years ago at $ 31.12​/share. You just sold it for $ 40.38​/share. What was your compound average​ return?

The compound average return is __​%. ​(Round to two decimal​ places.)

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Answer #1

rate positively ..

we have to use financial calculator to solve this
put in calculator
FV -31.12
PV 40.38
PMT 0
N 5
compute I 5.35%
therefore answer = 5.35%
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