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Compute the total and annual return on the following investment. Two years after paying $3600 for shares in a startup company, you sell the shares for $2900 (at a loss) The total return is%. (Do not round until the final answer. Then round to the nearest tenth as needed.) The annual return is%. (Do not round until the final answer. Then round to the nearest tenth as needed.)

Compute the total and annual return on the following investment. Two years after paying $3600 for shares in a startup company, you sell the shares for $2900 (at a loss) The total return is%. (Do not round until the final answer. Then round to the nearest tenth as needed.) The annual return is%. (Do not round until the final answer. Then round to the nearest tenth as needed.)

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 2P
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K Compute the total and annual return on the following investment. Two years after paying $3600 for shares in a startup company, you sell the shares for $2900 (at a loss). The total return is%. (Do not round until the final answer. Then round to the nearest tenth as needed.) The annual return is %. (Do not round until the final answer. Then round to the nearest tenth as needed.)
Transcribed Image Text:K Compute the total and annual return on the following investment. Two years after paying $3600 for shares in a startup company, you sell the shares for $2900 (at a loss). The total return is%. (Do not round until the final answer. Then round to the nearest tenth as needed.) The annual return is %. (Do not round until the final answer. Then round to the nearest tenth as needed.)
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