Compute the total and annual returns on the described investment.   Four years after buying50 shares of XYZ stock for ​$60 per​ share, you sell the stock for $4,400.   The total return is ??? %  The anual return is ??

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
Problem 1FPE: What makes for a good investment? Use the approximate yield formula or a financial calculator to...
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Compute the total and annual returns on the described investment.
 
Four years after buying50 shares of XYZ stock for ​$60 per​ share, you sell the stock for $4,400.
 
The total return is ??? % 
The anual return is ?? 
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