You just sold a stock and realized a 5.58 percent return for a 18 month holding period. What was your annualized rate of return? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99).
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Since the holding period is given in months, we need to convert it to years. There are 12 months in a year, so we divide the holding period by 12 to get the number of years. 18 months / 12 = 1.5 years Show more…
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