SOLUTION: The Total Return on an investment is the relative change in the investment value:
Total Return= Ending Value−Initial Value/Initial Value
Joy pays $15,000 for shares in a
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-> SOLUTION: The Total Return on an investment is the relative change in the investment value:
Total Return= Ending Value−Initial Value/Initial Value
Joy pays $15,000 for shares in a
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Question 1195607: The Total Return on an investment is the relative change in the investment value:
Total Return= Ending Value−Initial Value/Initial Value
Joy pays $15,000 for shares in a new company. She sells the shares 8 years later for $12,500. What was her total return on this investment? Round your answer to the nearest tenth of a percent.
You can put this solution on YOUR website! She lost $2500 over the period of time.
The initial value was $15000
The total return was - 2500/15000 or -16.7%
