Elise Just Sold a Stock and Realized a 6

question 61

Multiple Choice

Elise just sold a stock and realized a 6.2 percent return for a 4-month holding period.What was her annualized rate of return?

• A)11.98 percent
• B)14.78 percent
• C)19.78 percent
• D)21.29 percent
• E)27.20 percent

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Definitions:

Credits

Accounting entries that increase liabilities or decrease assets, representing the opposite of debits.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, on a company's balance sheet.

Credit

A bookkeeping record that raises either liabilities or equity or lowers an asset or expense.

Abbreviated

Refers to shortened or condensed forms of words, terms, or documents, often used to save space or time.