Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Christa pays $ 7 , 0 0 0 for shares in a new company. She sells the shares 1 0 years later for $ 1

Christa pays $7,000 for shares in a new company. She sells the shares 10 years later for $19,000. What was her total return on this investment? Round your answer to the nearest tenth of a percent.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions