Sean Bell invested $10,000 in a blue chip stock five years ago and paid a commission of $90. He sold it today for $14,192.20 (after commission), exactly 5 years and 4 months since the stock was bought. Determine the rate of return on this investment. Group of answer choices 6.61% 7.2% None of these 6.78%

Sean Bell invested $10,000 in a blue chip stock five years ago and paid a commission of $90. He sold it today for $14,192.20 (after commission), exactly 5 years and 4 months since the stock was bought. Determine the rate of return on this investment. Group of answer choices 6.61% 7.2% None of these 6.78%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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