Calculate the annualized holding period yield for 250 shares of a stock that was purchased for $12.75 per share five years ago and was recently sold for $35.90 per share. The stock did not pay any dividends over this five-year period. Only typing answer Please explain step by step without table and graph thankyou.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 5TP: Research online to find a company that bought back shares of its own stock (treasury stock) within...
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Calculate the annualized holding period yield for 250 shares of a stock that was purchased for $12.75 per share five years ago and was recently sold for $35.90 per share. The stock did not pay any dividends over this five-year period.

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Please explain step by step without table and graph thankyou.

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