Compute the total and annual returns on the following investment. Twenty years after purchasing shares in a mutual fund for $6100, the shares are sold for $11,700. The the total return is %. (Do not round until the final answer. Then round to one decimal place as needed.) The annual 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 following investment. Twenty years after purchasing shares in a mutual fund for $6100, the shares are sold for $11,700. The the total return is %. (Do not round until the final answer. Then round to one decimal place as needed.) The annual return is %. (Do not round until the final answer. Then round to one decimal place as needed.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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