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e 7-1. (Calculating rates of return) (Related to Checkpoint 7.1 on page 232) The shares of Tesco PLC were worth £2.51 on Apri
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Answer #1

Answer:

Opening Price (P0) = £2.51
Closing Price (P1) = £1.90

Expected Return = (P1 - P0) / P0
Expected Return = (£1.90 - £2.51) / £2.51
Expected Return = -0.2430 or -24.30%

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