Growth rates Jamie El-Erian is a savvy investor. On January 1, 2010, she bought shares of stock in Amazor Mexican Grill, and Netflix. The table,, shows the price she paid for each stock, the price she received whe old her shares, and the date on which she sold each stock. Calculate the average annual growth in each com ver the time that Jamie held its stock. The average annual growth for Amazon is %. (Round to two decimal places.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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Growth rates Jamie El-Erian is a savvy investor. On January 1, 2010, she bought shares of stock in Amazon, Chipotle
Mexican Grill, and Netflix. The table, , shows the price she paid for each stock, the price she received when she eventually
sold her shares, and the date on which she sold each stock. Calculate the average annual growth in each company's share price
over the time that Jamie held its stock.
The average annual growth for Amazon is %. (Round to two decimal places.)
Data table
Stock
Amazon
Chipotle
Netflix
Purchase price
$130
85
9
Selling price
$1410
298
287
Sale date
January 1, 2020
January 1, 2018
January 1, 2019
X
Transcribed Image Text:Growth rates Jamie El-Erian is a savvy investor. On January 1, 2010, she bought shares of stock in Amazon, Chipotle Mexican Grill, and Netflix. The table, , shows the price she paid for each stock, the price she received when she eventually sold her shares, and the date on which she sold each stock. Calculate the average annual growth in each company's share price over the time that Jamie held its stock. The average annual growth for Amazon is %. (Round to two decimal places.) Data table Stock Amazon Chipotle Netflix Purchase price $130 85 9 Selling price $1410 298 287 Sale date January 1, 2020 January 1, 2018 January 1, 2019 X
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