Problem Type: __________________________. Assume today is April 28, 1995. If you invest in...
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Problem Type: __________________________.
Problem Type: __________________________.
Assume today is April 28, 1995. If you invest in shares of Sanford Fisheries, Ltd. at a price of $3.08 and then sell the shares on April 27, 2002, i.e., seven years later at $5.65, ignoring dividends, what rate of (annualised) return has been earned?
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8.30%
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+ 1.43%
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+ 9.05%
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+13.47%
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+26.21%
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