Emma bought a stock a year ago for 53 per share she, Financial Management

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Emma bought a stock a year ago for 53 per share she

1. Return on Stock. Emma bought a stock a year ago for $53 per share. She received no dividends on the stock and sold the stock today for $38 per share. What is Emma's return on the stock?

2. Value of Investment. Tammy has $3,500 that she wants to invest in stock. She believes she can earn a 12% annual return. What would be the value of Tammy's investment in 10 years if she is able to achieve her goal?

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