You buy 1,000 shares of stock at $5.00 per share in January of 2004. You sell the stock at $7.50 per
share in January of 2007. What is your internal rate of return (IRR)?
A) 1.1447% B) 14.47% C) 18.00% D) 87.36%
B
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Which of the following statements is not true relating to a defined contribution pension plan?
a. A defined contribution plan defines the contributions of the company to the pension plan. b. Once the defined contribution is paid, the company has no further obligation to the pension plan. c. This type of plan shifts the risk to the employee as to whether the pension plan will grow to provide for a reasonable pension payment upon retirement. d. There is no problem estimating the company's pension expense. e. This type of plan presents substantial problems in estimating the pension liability.
The law assumes that respective performances under a contract are concurrent conditions, unless there is an agreement to the contrary
Indicate whether the statement is true or false
In a Dutch Internet auction, a single seller puts up a single item for bidding
Indicate whether the statement is true or false
Fiduciary funds use a basis of accounting similar to which of the following funds?
A. Special revenue funds. B. Permanent funds. C. Debt service funds. D. Enterprise funds.