You purchased a stock eight months ago for $36 a share. today, you sold that stock for $41.50 a share. the stock pays no dividends. what was your annualized rate of return?

23.77%

Explanation:

Given that,

Purchased a stock eight months ago for $36 a share

Today, you sold that stock for $41.50 a share

Return for 8 months:

= (selling price today ÷ Purchasing price)

= ($41.50 ÷ $36) - 1

= 15.28%

Annualized rate of return:

= (1 + Return for 8 months) ^(12 ÷ 8) - 1

= (1 + 15.28%)^(12 ÷ 8) - 1

= 23.77%

Hence, the annualized rate of return is 23.77%.

Capital Gain on stock = Selling price of stock - Purchase price

= $ 41.5 - $ 36

= $ 5.5

% rate of return = (Capital gain on stock / Purchase price of stock) * 100

= ( $ 5.5 / $ 36 ) * 100

=0.1527 * 100 = 15.27%

Now, the holding period was 8 months. This implies that 15.27% is rate of return for 8 months.

Hence, annualized rate of return = ( 15.27 / 8 ) * 12

= 1.90875 * 12

= 22.905 %

Explanation:

Refer to the answer.

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.