Five years after paying $18,373 for shares in a new company, you sell the shares for $6,819 Compute the total and annual returns on the described investment. Round to two decimal places as needed.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
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Five years after paying $18,373 for shares in a
new company, you sell the shares for $6,819
Compute the total and annual returns on the
described investment. Round to two decimal
places as needed.
Transcribed Image Text:Five years after paying $18,373 for shares in a new company, you sell the shares for $6,819 Compute the total and annual returns on the described investment. Round to two decimal places as needed.
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