(Calculating rates of​ return)  On December   17​, ​2007, the common stock of Google Inc.​ (GOOG) was trading for ​$   669.23.  One year later the shares sold for only ​$   315.24.  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   17​, ​2007?           Question content area bottom Part 1 The rate of return you would have earned is   enter your response here ​%.  ​(Round to two decimal​ places.)

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter12: Managing Economic Exposure And Translation Exposure
Section: Chapter Questions
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(Calculating rates of​ return)  On December

 

17​, ​2007, the common stock of Google Inc.​ (GOOG) was trading for ​$

 

669.23.  One year later the shares sold for only ​$

 

315.24.  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

 

17​, ​2007?

 

 

 

 

 

Question content area bottom

Part 1

The rate of return you would have earned is

 

enter your response here

​%.  ​(Round to two decimal​ places.)

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