Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

# Six years ago you paid $20 per share for 100 shares of stock. Today you sold the 100 shares for $30 per share.

- Six years ago you paid $20 per share for 100 shares of stock. Today you sold the 100 shares for $30 per share. Determine the average annual rate of return on your investment, assuming the stock paid no dividends ?