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  3. compute the total and annual returns on the descri

Compute the total and annual returns on the described investment. Five years after buying 150...

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Verified Solution

Question

Accounting

Compute the total and annual returns on the described investment.

Five

years after buying

150

shares of XYZ stock for

$60

per share, you sell the stock for $12,700.

Question content area bottom

Part 1

The total return is

enter your response here%.

(Do not round until the final answer. Then round to one decimal place as needed.)

Answer & Explanation Solved by verified expert
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