Asked by alisha
After 20 years, 100 shares of stock originally purchased for $1000 was sold for $5,000. What was the yield on the investment? Choose the closest answer.
19%
5%
12.7%
8%
19%
5%
12.7%
8%
Answers
Answered by
Ms. Sue
$4,000 profit divided by 20 years = $200 per year.
200 / 1000 = 0.2 = 20%
200 / 1000 = 0.2 = 20%
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