In January, 2000, Harold Black Bought 100 Shares of Country

question 66

Essay

In January, 2000, Harold Black bought 100 shares of Country Homes for $37.50 per share. He sold them in January, 2010 for a total of $9,715.02. Calculate Harold's annual rate of return.

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Definitions:

Complement Rate

The difference between a particular interest rate and 100%.

Discount Date

The exact date on which a discount is applied or expires, often related to promotions or financial transactions.

Due Date

The specific date by which a payment is required to be made.

Freight

The charge paid for transport of goods by sea, air, or land, typically based on the weight and distance of the shipped items.