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Henry purchased stock in Nortel Networks for $120 per share.Unfortunately the stock did not perform very well in the 3 years that Henry has owned it as it is now trading at $3.93 per share.Feeling that the value of the stock will only continue to drop,Henry sold his shares today.What annual rate of return did Henry make on his investment?
Dissonance
Dissonance refers to a state of conflict or inconsistency between one's beliefs, ideas, or actions, often leading to discomfort and prompting a change to reduce the inconsistency.
Cognitions
The mental action or process of acquiring knowledge and understanding through thought, experience, and the senses.
Fundamental Attribution Error
The tendency to overemphasize personality traits and underestimate situational factors when evaluating others' behaviors.
Detect Causes
The process of identifying factors or conditions that lead to the occurrence of a particular event or phenomenon.
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