Julio Purchased 700 Shares of a Certain Stock for $22,750

question 61

Multiple Choice

Julio purchased 700 shares of a certain stock for $22,750 (including commissions) . He sold the shares 5 year(s) later and received $32,100 after deducting commissions. Find the effective annual rate of return on his investment over the 5-year period. Round your answer to two decimal places. ​

• A) 7.13%
• B) 6.91%
• C) 6.95%
• D) 7.01%

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Definitions:

Appetite

A psychological desire for food, which can be influenced by sensory experiences, emotions, and environmental factors.

Fat Conversion

The biochemical process of transforming fats into energy or other substances within the body.

Insulin Levels

Refer to the concentration of insulin in the bloodstream, which is crucial for regulating blood glucose levels.

Increased Appetite

A heightened desire to consume food, which can be influenced by physical, emotional, or psychological factors.