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What was annual rate of return on the stock

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Reference no: EM132904705

Problem 1: If you purchased a share of Mico.com stock on March 1, 1993 for $45 and you sold the stock at $168 on February 28, 1998, what was your annual rate of return on the stock?

Option 1: 1.50%
Option 2: 2.75%
Option 3: 3.30%
Option 4: 4.20%
Option 5: 5.83%

Reference no: EM132904705

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