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? Group of answer choices 5.20% 9.08% 9.75% 8.53%

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
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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?
Group of answer choices
5.20%
9.08%
9.75%
8.53%
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