If a Stock Rose from $10 to $30 Over Ten

question 40

Multiple Choice

If a stock rose from $10 to $30 over ten years, the annual rate of return

• A)was 20 percent
• B)was greater than 20 percent
• C)was less than 20 percent
• D)cannot be determined

---

Definitions:

Goods Contract

A legally binding agreement concerning the sale, purchase, or lease of physical items or products.

Services Contract

An agreement between parties where one agrees to provide a specified service to the other in exchange for compensation.

Auto Lease

An auto lease is a contractual agreement where one party, the lessor, provides an automobile to another party, the lessee, for a specified period, in exchange for regular payments.

Consumer

An individual who purchases goods and services for personal use.