Suppose you purchased 100 shares of stock in January for $48 a share. You received dividends of

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Suppose you purchased 100 shares of stock in January for $48 a share.

You received dividends of $1.25 a share on April 1 and July 1 and $.95 a share on September 1. You sold the stock in December for $50 a share.

What would be the stock’s return on investment for the year? Assume a broker commission of 3 percent on the purchase and 3 percent on the sale of the stock. (Hint: Use the formula in Figure 17.1.)

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Managing Your Personal Finances

ISBN: 9781305076815

7th Edition

Authors: Joan S. Ryan, Christie Ryan

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Question Posted: Jun 12, 2024 10:14 AM

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Suppose you purchased 100 shares of stock in January for $48 a share. You received dividends of

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Managing Your Personal Finances

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