# finance for decision makers

After 20 years, 100 shares of stock originally purchased for \$1000 was sold for \$5,000. What was the yield on the investment? Choose the closest answer.
a) 19%
b) 5%
c) 12.7%
d) 8%

1. 0
2. 8
1. final =initial(1+i)^t
5=(1+i)^20
log5=20log(1+i)
.0349=log(1+i)
1.08=1+i

1. 0
posted by bobpursley
2. Thank you for your response. What is the answer. Can you explain me the problem?

1. 0
posted by usha

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