Q 17 You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1,800. What return did you earn? (Negative answer should be indicated by a minus sign.) RETURN EARNED______% What return would you need to get next year to break even overall? (Do not round intermediate calculations. Round your answer to 2 decimal places.) RETURN EARNED______%
Q 17 You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1,800. What return did you earn? (Negative answer should be indicated by a minus sign.) RETURN EARNED______% What return would you need to get next year to break even overall? (Do not round intermediate calculations. Round your answer to 2 decimal places.) RETURN EARNED______%
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
8th Edition
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter8: Risk And Rates Of Return
Section: Chapter Questions
Problem 6DQ
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Q 17
You invested $2,000 in the stock market one year ago. Today, the investment is valued at $1,800.
What return did you earn? (Negative answer should be indicated by a minus sign.)
RETURN EARNED______%
What return would you need to get next year to break even overall? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
RETURN EARNED______%
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