Compute the total and annual returns on the described investment. Four years after buying 100...
70.2K
Verified Solution
Link Copied!
Question
Basic Math
Compute the total and annual returns on the described investment. Four years after buying 100 shares of XYZ stock for $70 per share, you sell the stock for $10,900.The total return is 55.7 %. (Do not round until the final answer. Then round to one decimal place as needed.) The annual return is %. (Do not round until the final answer. Then round to one decimal place as needed.)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
