Asked by Mary
Compute the total and annual returns on the described investment. Four years after buying 50 shares of XYZ stock for $60 per share, you sell the stock for $4500.
Answers
Answered by
oobleck
the gain is 4500-60*50 = 1500
So now you can figure the returns as usual, based on the $3000 cost.
So now you can figure the returns as usual, based on the $3000 cost.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.