Question
Rate of return Douglas Keel, a financial analyst for Orange Industries, wishes to estimate the rate of return for two similar-risk investments, X and Y.
Rate of returnDouglas Keel, a financial analyst for Orange Industries, wishes to estimate the rate of return for two similar-risk investments, X and Y. Douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. A year earlier, investment X had a market value of $22,000;and investment Y had a market value of $58,000. During the year, investment X generated cash flow of $1650 and investment Y generated cash flow of $ 7368. The current market values of investments X and Y are $22,759 and $58,000 respectively.
The expected rate of return on investment X is ____%
The expected rate of return on investment Y is _____%
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