Tracy is thinking about buying 100 shares of a stock selling for $15 per share. The stock pays no dividends. Her broker says that the stock will be worth $20 per share in 2 years. What is the annual rate of return on this investment?

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- Aug 12th 2008, 06:30 AMmagentaritaFind the Annual Rate
Tracy is thinking about buying 100 shares of a stock selling for $15 per share. The stock pays no dividends. Her broker says that the stock will be worth $20 per share in 2 years. What is the annual rate of return on this investment?

- Aug 12th 2008, 06:46 AMCaptainBlack
- Aug 12th 2008, 10:10 PMmagentaritaCan you..
Can you break it down another way?

- Aug 13th 2008, 03:04 AMCaptainBlack
- Aug 13th 2008, 05:26 AMmagentaritaThanks...
Thank you so much. I got it now.