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Warm-Up 8-1 (similar to) Question Help o An analyst predicted last year that the stock of Logistics, Inc., would offer a total return of at
Warm-Up 8-1 (similar to) Question Help o An analyst predicted last year that the stock of Logistics, Inc., would offer a total return of at least 20% in the coming year. At the beginning of the year, the firm had a total stock market capitalization of $8 million. At the end of the year, its market cap was $10 million even though it experienced a loss, or negative net income, of $2 million. Did the analyst's prediction prove correct? Explain using the values for total annual return. The total rate of return for the firm is %. (Round to two decimal places.)
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