The market where existing securities are sold is: a the primary market b the secondary market c the economic market d the financial market You bought an asset for $10,000 and sold it for $20,000 after 10 years. What was the annual rate of return on this investment? (Choose the closest rate)

The market where existing securities are sold is: a the primary market b the secondary market c the economic market d the financial market You bought an asset for $10,000 and sold it for $20,000 after 10 years. What was the annual rate of return on this investment? (Choose the closest rate)

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter12: Investing In Stocks And Bonds

Section: Chapter Questions

Problem 1FPE: What makes for a good investment? Use the approximate yield formula or a financial calculator to...

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Question

The market where existing securities are sold is:

	a	the primary market
	b	the secondary market
	c	the economic market
	d	the financial market

You bought an asset for $10,000 and sold it for $20,000 after 10 years. What was the annual rate of return on this investment?

(Choose the closest rate)

Definition Definition Percentage gain or loss from a specific investment over time. The rate of return is the difference between the closing and initial values of an investment divided by the initial value of the investment. The closing value includes any intermediate cash flows such as dividends or interest amounts.

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