CFIN
CFIN
6th Edition
ISBN: 9780357144039
Author: BESLEY
Publisher: CENGAGE L
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Chapter 5, Problem 4PROB
Summary Introduction

The rate of return on an investment is the profit or loss on yields of investment which are gained by an investor.

Yield=(Current pricePurchase price)Purchase price

W sold each share for $156 which is purchased one year ago at $150 each.

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