(Related to Checkpoint 7.1) (Calculating rates of return) On December 10, 2007, the common stock of Google Inc. (GOOG) was trading for $718.42. One year later the shares sold for only $308.82. Google has never paid a common stock dividend. What rate of return would you have earned on your investment had you purchased the shares on December 10, 2007? The rate of return you would have earned is %. (Round to two decimal places.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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UNIT 7-1

(Related to Checkpoint 7.1) (Calculating rates of return) On December 10, 2007, the common stock of Google Inc. (GOOG) was trading for $718.42. One year later the shares
sold for only $308.82. Google has never paid a common stock dividend. What rate of return would you have earned on your investment had you purchased the shares on December
10, 2007?
The rate of return you would have earned is %. (Round to two decimal places.)
Transcribed Image Text:(Related to Checkpoint 7.1) (Calculating rates of return) On December 10, 2007, the common stock of Google Inc. (GOOG) was trading for $718.42. One year later the shares sold for only $308.82. Google has never paid a common stock dividend. What rate of return would you have earned on your investment had you purchased the shares on December 10, 2007? The rate of return you would have earned is %. (Round to two decimal places.)
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