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Video: Compound Annual Growth Rate (CAGR) Definition
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Date |
Open |
High |
Low |
Close |
Volume |
03/21/2024 |
$9.80 |
$9.86 |
$9.70 |
$9.77 |
52.60K | 03/22/2024 |
$9.78 |
$9.78 |
$9.61 |
$9.62 |
32.30K | 03/25/2024 |
$9.65 |
$9.77 |
$9.52 |
$9.53 |
26.30K | 03/26/2024 |
$9.60 |
$9.60 |
$9.41 |
$9.43 |
54.00K | 03/27/2024 |
$9.44 |
$9.70 |
$9.44 |
$9.70 |
43.50K |
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Macatawa Bank is a bank holding company. Through its subsidiary, Macatawa Bank, Co. provides a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, MI. Co. provides a range of deposit services, including checking accounts, savings accounts and time deposits of various types. Co.'s trust services include personal trust and retirement plan services. Co.'s personal trust services include financial planning, investment management services, trust and estate administration and custodial services. Co.'s retirement plan services encompass all types of qualified retirement plans, including profit sharing, 401(k) and pension plans. | |
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Macatawa Bank (MCBC) has the following price history information. Looking back at MCBC historical stock prices for the last five trading days, on March 21, 2024, MCBC opened at $9.80, traded as high as $9.86 and as low as $9.70, and closed at $9.77. Trading volume was a total of 52.60K shares. On March 22, 2024, MCBC opened at $9.78, traded as high as $9.78 and as low as $9.61, and closed at $9.62. Trading volume was a total of 32.30K shares. On March 25, 2024, MCBC opened at $9.65, traded as high as $9.77 and as low as $9.52, and closed at $9.53. Trading volume was a total of 26.30K shares. On March 26, 2024, MCBC opened at $9.60, traded as high as $9.60 and as low as $9.41, and closed at $9.43. Trading volume was a total of 54.00K shares. On March 27, 2024, MCBC opened at $9.44, traded as high as $9.70 and as low as $9.44, and closed at $9.70. Trading volume was a total of 43.50K shares.
MCBC Historical Stock Prices By Date:
Below, we examine the compound annual growth rate — CAGR for short — of an investment into Macatawa Bank shares, starting with a $10,000 purchase of MCBC, and working forward through the historical stock price information to today.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$5.04 |
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End price/share: |
$9.70 |
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Starting shares: |
1,984.13 |
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Ending shares: |
2,603.02 |
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Dividends reinvested/share: |
$2.38 |
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Total return: |
152.49% |
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Average Annual Total Return: |
9.71% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$25,255.26 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
03/31/2014 |
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End date: |
03/27/2024 |
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Start price/share: |
$5.04 |
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End price/share: |
$9.70 |
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Dividends collected/share: |
$2.38 |
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Total return: |
139.68% |
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Average Annual Total Return: |
9.14% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$23,973.72 |
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Years: |
10.00 |
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Date |
Close |
03/21/2024 | $9.77 | 03/22/2024 | $9.62 | 03/25/2024 | $9.53 | 03/26/2024 | $9.43 | 03/27/2024 | $9.70 |
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