Question
Compute the total and annual return on the following investment. four years after paying $23 00 for shares in a startupcompany, you sell the shares
Compute the total and annual return on the following investment. four years after paying $2300for shares in a startupcompany, you sell the shares for $1500(at aloss).
THE TOTAL RETURN IS _____%
(Do not round until the final answer. Then round to the nearest tenth asneeded.)
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
