Julio Purchased 1,400 Shares of a Certain Stock for $22,750

question 216

Multiple Choice

Julio purchased 1,400 shares of a certain stock for $22,750 (including commissions) . He sold the shares 6 year(s) later and received $32,100 after deducting commissions. Find the effective annual rate of return on his investment over the 6-year period.

• A) 5.75%
• B) 5.78%
• C) 5.82%
• D) 5.91%

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Definitions:

Articular Cartilage

A smooth, white tissue that covers the ends of bones where they come together to form joints.

Plantar Flexion

The movement of the foot that increases the angle between the sole of the foot and the back of the leg, like pointing the toes.

Dorsiflexion

The movement that elevates the foot upwards towards the shin, decreasing the angle between the dorsum of the foot and the leg.

Circumduction

A circular movement of a limb or eye where the end follows a circular path.