Compute the otal and annual returns on the described investment. Seven years after paying $8022 for shares in a new company, you sell the shares for $14,190. Total Return: 61.51% Annual Return: 6.79% O Total Return: 76.89% Annual Return: 8.49% Total Return: 80.73% Annual Return: 8.91% O Total Return: 73.04% Annual Return: 8.06%

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QUESTION 23
Compute the otal and annual returns on the described investment.
Seven years after paying $8022 for shares in a new company, you sell the shares for $14,190.
O Total Return: 61.51%
Annual Return: 6.79%
Total Return: 76.89%
Annual Return: 8.49%
O Total Return: 80.73%
Annual Return: 8.91%
O Total Return: 73.04%
Annual Return: 8.06%
Transcribed Image Text:QUESTION 23 Compute the otal and annual returns on the described investment. Seven years after paying $8022 for shares in a new company, you sell the shares for $14,190. O Total Return: 61.51% Annual Return: 6.79% Total Return: 76.89% Annual Return: 8.49% O Total Return: 80.73% Annual Return: 8.91% O Total Return: 73.04% Annual Return: 8.06%
Expert Solution
Step 1

Given :-

Seven years after paying $8022 for shares in a new company , you sell the shares for $14,190.

To Determine :-

The total and annual returns on the described investment.

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