In January, 1950, Billy Bob bought 100 shares of Stock in Ben's Barbeque, Inc. for $37.50 per share. He sold them in January, 2004 for a total of $9,715.02. What is Billy Bob's annual rate of return?
The initial investment is 37.50 X 100= $3,750. This investment has grown to ...
The solution explains how to calculate the annual rate of return