You bought a stock three months ago for $51.27 per share. The stock paid no dividends. The current share price is $55.36. What is the APR and EAR of your investment? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e. g., 32.16.)

APR= 23.91%

EAR= 8%

Explanation:

A stock was bought at $51.27 three months ago

The current share price is $55.36

Therefore the APR of the investment can be calculated as follows

= 55.36-51.27/51.27

= 4.09/51.27

= 0.0797

= 7.97%

APR= 3×7.97

= 23.91%

EAR= (1+0.079/3)^3-1

= 1+0.0263^3-1

= 1.026^3-1

= 0.08×100

= 8%

hi there, i would say your answer is:

b. there is a fixed quantity of resources and technology available.

hope that : )

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