Question
The Total Return on an investment is the relative change in the investment value: Total Return=Ending ValueInitial Value Initial Value Rosa pays $15,000 for shares
The Total Return on an investment is the relative change in the investment value: Total Return=Ending ValueInitial Value Initial Value Rosa pays $15,000 for shares in a new company. She sells the shares 8 years later for $11,000. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
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Financial Algebra advanced algebra with financial applications
Authors: Robert K. Gerver
1st edition
978-1285444857, 128544485X, 978-0357229101, 035722910X, 978-0538449670
