7. On August 14, 2014, Harry Harrison purchased 1,000 shares of the BDF Corporation at...
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7. On August 14, 2014, Harry Harrison purchased 1,000 shares of the BDF Corporation at $87.56 per share, which he planned to sell on August 14, 2015. However, when that date came around, the price of the stock had dropped to $62.32 per share and therefore Harry decided not to sell on that date. On August 14, 2016, Harry sold dit his shares in BDF at a price of $92 per share. Harry did not receive any dividends from the shares during his holding period. Calculate his Arithmetic Average Annual Rate of Return and Geometric Average Annual Rate of Return for his holding period
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