The Diagonal Stamp Company, which sells usedpostage stamps
Chapter , Problem 7-2(choose chapter or problem)
The Diagonal Stamp Company, which sells usedpostage stamps to collectors, advertises that itsaverage price has increased from $1 to $5 in the last5 years. Thus, management states, investors who hadpurchased stamps from Diagonal 5 years ago wouldhave received a 100% rate of return each year.(a)To check their calculations, compute the annualrate of return.(b)Why is your computed rate of return less than100%?
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