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Linda_us, Finance, Accounts & Homework Tutor
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Mary Skinner inherited a sum of $50,000 five years ago and

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Mary Skinner inherited a sum of $50,000 five years ago and bought 1000 shares of IBEM at $50 per share. She sold 400 shares of the stock three years ago for $57 per share and invested the money in a CD that paid 8% interest per year compounded quarterly. The remaining 600 share swere sold today for $65 per share. She also cashed the CD today as well. How much money does she ha ve today? Determine the rate of return on this inheritance.
Submitted: 7 years ago.
Category: Homework
Expert:  Linda_us replied 7 years ago.

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