9 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a 3:1 split, and the price per share increased by 30%. What would be the rate of return on your investment if you sold your shares today? Round your answer to the nearest tenth of a percent.

9 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a 3:1 split, and the price per share increased by 30%. What would be the rate of return on your investment if you sold your shares today? Round your answer to the nearest tenth of a percent.

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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9 years ago, you purchased shares of stock in a corporation. Between then and now, the
stock had a 3:1 split, and the price per share increased by 30%. What would be the rate of
return on your investment if you sold your shares today?
Round your answer to the nearest tenth of a percent.

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