Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. compute the total and annual returns on the descri

Compute the total and annual returns on the described investment. Four years after buying 100...

70.2K

Verified Solution

Question

Basic Math

image

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Economics
1.2K views

Suppose that the pharmaceutical rm Merck is deciding whether to develop a new diagnostic procedure that...

Basic Math
1.2K views

Find the standard deviation for the group of data items 10 11 12 13 14...

Basic Math
1.2K views

Given ZTVS ZTVU VT bisects STU Prove SV UV S V T Statement Reason

Basic Math
1.2K views

6 Let S be a set Which of one of the following is always correct...

Calculus
1.2K views

Consider f(x) = 40x + 17x - 14 - 162 and use the Second Derivative...

Algebra
1.2K views

One card is selected from a deck of cards Find the probability of selecting a...

Algebra
1.2K views

nd an orthogonal or unitary diagonalizing matrix for each of the following 1 a 3...

Algebra
1.2K views

What are the domain restrictions of Oq 1 and q 8 O q 1 and...

Accounting
1.2K views

Please answer all. Thanks so much in advance!:) Cardinal Company is considering a five-year...

Accounting
1.2K views

Garden Yeti manufactures garden sculptures. Each sculpture requires 8 pounds of direct materials at a...

Accounting
1.2K views

The total contribution margin decreases if sales volume remains the same and A) fixed...

Accounting
1.2K views

Auby Company produces a chair for which the standard specifies 7 yards of material per...