FIN311 PRINCIPLES OF FINANCE One year ago, you purchased 100 shares of Wacky Widget, Inc. stock for $10 per share. You plan to sell it for $1,100. First, write out the percent change formula. Next, using the percent change formula, please calculate the percent return on your investment. Also, indicate whether it was a gain or a loss. (25 points)

The formula for Percent Change is: % Change X 100 Later Value minus the Earlier Value Earlier Value