Henry purchased stock in Nortel Networks for $120 per share. Unfortunately the stock did not perform very well in the 3 years that Henry has owned it as it is now trading at $3.93 per share
Feeling that the value of the stock will only continue to drop, Henry sold his shares today. What annual rate of return did Henry make on his investment?
A) -68%
B) -66%
C) -67%
D) -69%
E) -70%
A
Business
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