Eight Months Ago, You Purchased 300 Shares of a Non-Dividend

question 23

Multiple Choice

Eight months ago, you purchased 300 shares of a non-dividend paying stock for $27 a share. Today, you sold those shares for $31.59 a share. What was your annualized rate of return on this investment?

• A)17.00%
• B)21.45%
• C)25.50%
• D)26.55%
• E)28.00%

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Definitions:

Personal Troubles

are individual challenges or problems that a person faces, which may also reflect broader social issues.

C.Wright Mills

An American sociologist known for his work on the power elite and the sociological imagination, which links individual experiences with larger social and historical forces.

Percent

A mathematical term representing a part per hundred, used in expressing proportions, rates, or fractions in statistics and daily computations.

Positivists

Individuals or scholars who adhere to the philosophy that knowledge should be derived from scientific observation and empirical evidence.