Compute the total and annual returns on the described investment.
-Seven years after paying for shares in a new company, you sell the shares for
A) Total Return: 106.09\%
Annual Return: 11.01\%
B) Total Return:
Annual Return: 9.97\%
C) Total Return:
Annual Return:
D) Total Return: 101.03\%
Annual Return: 10.49\%
Correct Answer:
Verified
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