Julio Purchased 1,100 Shares of a Certain Stock for $26,750

question 36

Short Answer

Julio purchased 1,100 shares of a certain stock for $26,750 (including commissions). He sold the shares 5 year(s) later and received $32,500 after deducting commissions. Find the effective annual rate of return on his investment over the 5-year period. Round your answer to the nearest hundredth.
__________%

---

Definitions:

Interstitial Lamellae

Layers of bone matrix in compact bone that fill the spaces between osteons, providing strength and support.

Concentric Lamellae

Circular layers of bone matrix that surround the central canal within osteons, characteristic of compact bone structure.

Osteons

Cylindrical structures that comprise compact bone, containing a central canal surrounded by concentric lamellae of bone tissue.

Organic Matrix

The non-mineral, organic component of bone and teeth, made up of collagen and other proteins, which provides flexibility and strength.