Will Has Been Purchasing $25,000 Worth of New Tek Stock

question 80

Multiple Choice

Will has been purchasing $25,000 worth of New Tek stock annually for the past 15 years.His holdings are now worth $598,100.What is his annual rate of return on this stock?

• A)6.13 percent
• B)6.24 percent
• C)6.29 percent
• D)6.32 percent
• E)6.36 percent

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Definitions:

Underallocated

A situation where resources are not distributed or utilized efficiently, leading to potential wastage and unmet needs or demands.

Health Care Insurance

A contractual arrangement through which individuals or entities receive financial coverage or reimbursement for medical services.

Equilibrium Price

The market price at which the quantity of a good supplied equals the quantity demanded.

Demand And Supply Diagram

A graphical representation used in economics to show the relationship between the price of a good and the quantity demanded and supplied at that price.