Three months ago, you purchased a stock for $70.88. The stock is currently priced at $76.98....

Question

Question

Three months ago, you purchased a stock for $70.88. The stock is currently priced at $76.98. What is the EAR on your investme

Answer 1

Answer #1

Interest rate = (Selling Price-Purchase Price)/Purchase Price (76.98-70.88)/70.88 0.086061 8.61% EAR (1+Interest rate)^number

Answer 2

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