Mathematics, 13.05.2021 07:50 AWFHayami
Julio purchased 1,700 shares of a certain stock for $23,750 (including commissions). He sold the shares 3 year(s) later and received $32,500 after deducting commissions. Find the effective annual rate of return on his investment over the 3-year period.
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Group of answer choices
10.50%
10.59%
10.73%
11.02%
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Julio purchased 1,700 shares of a certain stock for $23,750 (including commissions). He sold the sha...
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