Question: can anyone help me with the annual return?? Compute the total and annual returns on the described investment. Six years after buying 50 shares of

can anyone help me with the "annual return"??
can anyone help me with the "annual return"?? Compute the total and

Compute the total and annual returns on the described investment. Six years after buying 50 shares of XYZ stock for $40 per share, you sell the stock for $2800. The total return is 40 %. (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.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!