Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jack purchased a share one year ago for $9.12, and it is now worth $11.86. The share paid a dividend of $1.74 during the

 

Jack purchased a share one year ago for $9.12, and it is now worth $11.86. The share paid a dividend of $1.74 during the year. What was the share's income rate of return during the year? (as a percentage to the nearest two decimal points. don't use % sign. eg 2.881% is 2.88)

Step by Step Solution

3.44 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

PO Purchase price 912 P1 Current price 1186 D Dividend 1... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics For Business And Economics

Authors: Paul Newbold, William Carlson, Betty Thorne

8th Edition

0132745658, 978-0132745659

More Books

Students also viewed these Finance questions

Question

If X has distribution function F(t) = 0, t Answered: 1 week ago

Answered: 1 week ago