Calculate the annualized return

Reference no: EM1359605

Three years ago, the common stock of Makkeny Corp. sold for $63.29 on the NYSE. Today, the current share price for the firm is $38.61. The firm paid no dividends over this period of time and Makkeny executed a two for one stock split two years ago. What is the annualized return an investor would realize today if she purchased Makkeny three years ago?

a. 12.63%
b. 6.86%
c. 8.98%
d. 22.00%

Reference no: EM1359605

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