11.) Last year, Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per
11.) Last year, Mike bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year?
a. 11.7 percent
b. 13.2 percent
c. 14.1 percent
d. 15.9 percent
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Authors: Doris Barrell
15th Edition
1475462077, 978-1475462074
