Compute the total and annual returns on the described investment. Six years after buying 200 shares...

 

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Compute the total and annual returns on the described investment. Six years after buying 200 shares of XYZ stock for $70 per share, you sell the stock for $20,100. The total return is%. (Do not round until the final answer. Then round to one decimal place as needed.) Compute the total and annual returns on the described investment. Six years after buying 200 shares of XYZ stock for $70 per share, you sell the stock for $20,100. The total return is%. (Do not round until the final answer. Then round to one decimal place as needed.)

Answer rating: 100% (QA)

To calculate the total return we need to determine the initial investment and the fi... View the full answer