If Penny bought a stock for $80 dollars and could sell it 15 years later for...

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Question

If Penny bought a stock for $80 dollars and could sell it 15 years later for...

If Penny bought a stock for $80 dollars and could sell it 15 years later for 4 times what she originally paid, what is Penny's return on owning this stock

business finance

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Answer 1

Answer #1

Total return is given as equal to=4-1=300%

Annual return is given as equal to=4^(1/15)-1=9.6825%

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Answer 2

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