If You Purchased a Share of Mico

question 63

Multiple Choice

If you purchased a share of Mico.com stock on March 1,1993 for $45 and you sold the stock at $168 on February 28,1998,what was your annual rate of return on the stock?

• A)83%
• B)75%
• C)20%
• D)30%
• E)50%

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Definitions:

Legal Ownership

The lawful possession of property, characterized by rights such as transfer, use, and exclusion, recognized and enforced by legal systems.

Legal Ownership

The formal and legally recognized possession of property, rights, or interests, backed by law.

True Value

Represents the actual, inherent worth of an asset, free from market fluctuations or perceptions.

Gift Causa Mortis

A gift made by someone in contemplation of imminent death, which becomes void if the donor survives.