What interest rate obtained on the investment

Reference no: EM13177383

10 annual purchases of $1000 worth of common stock. The stock paid no dividends. Then for 4 years all the stock sold for $28,000.

What interest rate obtained on the investment?

Reference no: EM13177383

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What interest rate obtained on the investment : 10 annual purchases of $1000 worth of common stock. The stock paid no dividends. Then for 4 years all the stock sold for $28,000. What interest rate obtained on the investment?

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