The following chart shows monthly figures for Apple stock in 2010. 350 300 250 200- 150+ 100 211.98 218.95 Jan-10 Fdb-10 195.46 211.98 July 10 246.94 255.96 235.97 W 258.77 235.86 Mar-10 Apr-10 Marked are the following points on the chart. May-10 195.46 Jun-10 Aug. 10 260.09 Jan. 10 Feb. 10 Mar. 10 Apr. 10 218.95 260.09 246.94 Sep. 10 258.77 Jul-10 Aug-10 Sep-10 235.97 Oct. 10 294.07 317.13 294.07 Oct-10 235.86 Nov. 10 317.44 May 10 June 10 317.13 Nov-10 Dec-10 Ⓡ 255.96 Dec. 10 317.44 Suppose you bought Apple stock in May. If you later sold at one of the marked dates on the chart, which of those dates would have given you the largest annual return (on a simple interest basis), and what would that return have been? (Round your answer to two decimal places.) The largest annual return would have been % if you had sold in --Select---
The following chart shows monthly figures for Apple stock in 2010. 350 300 250 200- 150+ 100 211.98 218.95 Jan-10 Fdb-10 195.46 211.98 July 10 246.94 255.96 235.97 W 258.77 235.86 Mar-10 Apr-10 Marked are the following points on the chart. May-10 195.46 Jun-10 Aug. 10 260.09 Jan. 10 Feb. 10 Mar. 10 Apr. 10 218.95 260.09 246.94 Sep. 10 258.77 Jul-10 Aug-10 Sep-10 235.97 Oct. 10 294.07 317.13 294.07 Oct-10 235.86 Nov. 10 317.44 May 10 June 10 317.13 Nov-10 Dec-10 Ⓡ 255.96 Dec. 10 317.44 Suppose you bought Apple stock in May. If you later sold at one of the marked dates on the chart, which of those dates would have given you the largest annual return (on a simple interest basis), and what would that return have been? (Round your answer to two decimal places.) The largest annual return would have been % if you had sold in --Select---
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
Related questions
Question
Transcribed Image Text:The following chart shows monthly figures for Apple stock in 2010.†
350 A
300+
250-
200 +
150-
100
211.98 218.95
Jan-10
Feb-10
235.97
211.98
195.46
July 10
246.94
X
Mar -10
Apr-10
Jan. 10 Feb. 10
May-10
195.46
255.96
Marked are the following points on the chart.
Aug. 10
235.86
260.09
Jun-10'
X
Jul-10
Mar. 10
218.95
260.09
~ 258.77
246.94
Sep. 10
258.77
X
Aug-10
Sep-10
Apr. 10
235.97
Oct. 10
294.07
✓294.07
317.13
Oct-10
May 10
235.86
Nov. 10
317.13
317.44
Nov-10
Dec-10
Ⓡ
June 10
255.96
Dec. 10
317.44
Suppose you bought Apple stock in May. If you later sold at one of the marked dates on the chart, which of those dates would have given you the largest annual return (on a simple interest basis), and what would that return have been? (Round your answer to two
decimal places.)
The largest annual return would have been
% if you had sold in ---Select---
Expert Solution
Step 1
Return on Investment
Different investment choices can be compared to their initial cost in order to be evaluated using ROI. Companies can assess their past or prospective investments using ROI calculations.
When evaluating their own personal investments, people can use the ROI to compare one investment in their investment portfolios to another, whether it's a stock holding or a financial stake in a small business.
Step by step
Solved in 3 steps with 2 images
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question
Both 166.76% and 102% came back as wrong (10th of June was correct though). Can we please try once more?
Im not sure if this helps, but this is from Chapter 2 (The Mathematics of Finance), Calculating Interest.
Solution
by Bartleby ExpertFollow-up Question
June 10th was correct but the percentage 166.76 came back wrong. Can you please let me find the correct percentage?
Solution
by Bartleby ExpertKnowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education