An analyst predicted last year that the stock of Logistics, Inc., would offer a total...
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An analyst predicted last year that the stock of Logistics, Inc., would offer a total return of at least 6% in the coming year. At the beginning of the year, the firm had a total stock market capitalization of $9 million. At the end of the year, its market cap was $10 million even though it experienced a loss, or negative net income, of $1 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.) Enter your answer in the answer box and then click Check
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