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Home / Questions / In July of 2012, Taylor purchased 2,000 shares of XYZ common stock for $75,000. He then so

In July of 2012, Taylor purchased 2,000 shares of XYZ common stock for $75,000. He then so

In July of 2012, Taylor purchased 2,000 shares of XYZ common stock for $75,000. He then sold 1,000 shares of XYZ in July of 2013 for $39 per share. The remaining 1,000 shares were finally sold for $50 per share in July 2014. What was the ERR on this investment if the external reinvestment rate is 8% per year?

Dec 03 2019 View more View Less

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