Question
Over a four year period the value of a stock increased from $15 per share to $24.89. Determine the total return and annual return.State answers to the nearest 0.01%.Total Return: Annual Return:
Answers
John1
Interest = princ x rate x time
I = 24.89 - 15 = 9.89
9.89 = 15 (r) (4)
9.89/60 = rate = .1663 or 16.63%
The annual return would be 16.63 divided by 4.
I = 24.89 - 15 = 9.89
9.89 = 15 (r) (4)
9.89/60 = rate = .1663 or 16.63%
The annual return would be 16.63 divided by 4.