We have a stock bottine and despotakis aampd which we buy, Financial Management

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We have a stock bottine and despotakis aampd which we buy

We have a stock Bottine and Despotakis (A&D) which we buy for $10. We keep it for 6 years at which point we sell it for $25. During the six year period, it pays us $12 which we reinvest at 5% annual return. Calculate the rate of return we make per annum.

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Financial Management: We have a stock bottine and despotakis aampd which we buy

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Financial Management: We have a stock bottine and despotakis aampd which we buy

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