Compute the Total and Annual Returns on the Described Investment $- 77.03 \%$

Compute the total and annual returns on the described investment.
-Four years after buying 800 shares of XYZ stock for $40 per share, you sell the stock for $3000.

A) Total Return: $- 77.03 \%$
Annual Return: $- 37.97 \%$

B) Total Return: $- 81.56 \%$
Annual Return: $- 40.20 \%$

C) Total Return: $- 95.16 \%$
Annual Return: $- 46.90 \%$

D) Total Return: $- 90.62 \%$
Annual Return: $- 44.67 \%$

Correct Answer:

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