Question
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
Ms. Sue
$4,000 profit divided by 20 years = $200 per year.
200 / 1000 = 0.2 = 20%
200 / 1000 = 0.2 = 20%
Related Questions
Joshua originalle bought two hundred shares of stock three years ago. The company has since had a 2...
BJK Company purchased 1000 shares of its own outstanding $10 par value common stock for $14 per shar...
Economics Semester Exam
17 of 3117 of 31 Items
Question
An investor purchased 50 shares of...