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Compute the total and annual returns on the described investment. Five years after buying 50 shares of XYZ stock for $ 60 pershare, you sell
Compute the total and annual returns on the described investment.
Five years after buying 50 shares of XYZ stock for $60 pershare, you sell the stock for $ 4400.
The total return is ? %
(Do not round until the final answer. Then round to one decimal place asneeded.)
The annual return is ? %
(Do not round until the final answer. Then round to one decimal place asneeded.)
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