The Total Return on an investment is the relative change in the investment value over a given time period. Total Return=Ending Value−Initial ValueInitial ValueTotal Return=Ending Value-Initial ValueInitial Value Katy pays $5,500 for shares in a new company. She sells the shares 10 years later for $17,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent. The Total Return on Katy's investment is %
The Total Return on an investment is the relative change in the investment value over a given time period. Total Return=Ending Value−Initial ValueInitial ValueTotal Return=Ending Value-Initial ValueInitial Value Katy pays $5,500 for shares in a new company. She sells the shares 10 years later for $17,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent. The Total Return on Katy's investment is %
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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The Total Return on an investment is the relative change in the investment value over a given time period.
Total Return=Ending Value−Initial ValueInitial ValueTotal Return=Ending Value-Initial ValueInitial Value
Katy pays $5,500 for shares in a new company. She sells the shares 10 years later for $17,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
The Total Return on Katy's investment is %
Total Return=Ending Value−Initial ValueInitial ValueTotal Return=Ending Value-Initial ValueInitial Value
Katy pays $5,500 for shares in a new company. She sells the shares 10 years later for $17,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
The Total Return on Katy's investment is %
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