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Rate of return

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?

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The initial investment is 37.50 X 100= $3,750. This investment has grown to ...

Solution Summary

The solution explains how to calculate the annual rate of return