What was the stock return for the missing year

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Reference no: EM132031286

1. Your company sponsors a 401(k) plan into which you deposit 12 percent of your $55,000 annual income. Your company matches 50 percent of the first 3 percent of your earnings. You expect the fund to yield 8 percent next year. If you are currently in the 31 percent tax bracket.

What is my one year return?

2. A stock had returns of 15.91 percent, 23.37 percent -10.58 percent and 9.53 percent over the four of the past five years. The arithmetic average return over the five years was 13.01 percent. What was the stock return for the missing year.

Reference no: EM132031286

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