Question
Compute the total and annual returns on the described investment. Four years after buying 100 shares of XYZ stock for $60 per share, you sell
Compute the total and annual returns on the described investment. Four years after buying 100 shares of XYZ stock for $60 per share, you sell the stock for $9000.
The total return is ___%
The annual return is__%
(Do not round until the final answer. Then round to one decimal place as needed.)
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
