Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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3
Transcribed Image Text:50 years ago your parents purchased a non-dividend paying share in Pinder Ltd for $0.12. Today that
share is worth $12.60. Which of the following is closest to the average annual geometric rate of
return that your parents have earned on the share?
O 5.20%
O 8.53%
O 9.75%
O 9.08%
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