Problem

(RATE) Ford Motor stock was one of the victims of the 2008 credit crisis. In June 2007, Fo...

(RATE) Ford Motor stock was one of the victims of the 2008 credit crisis. In June 2007, Ford stock price stood at $9.42. Eighteen months later it was $2.72. What was the annual rate of return over this period to an investor in Ford stock?

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