Prediction prove correct

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An analyst predicted last year that the stock of logistsics, Inc would offer a total return of at least 15% in the coming year. At the begginning of the year, the firm had a stock market value of $5 million. At the end of the year, it had a market value of $6 million even though it experienced a loss, or negative net income, of $2.5 million. Did the analyst's prediction prove correct? Explain using the values for total annual return.

The total rate of return for the firm is?

Did the analysts's prediction prove correct?

Reference no: EM131086423

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