Answered step by step
Verified Expert Solution
Question
1 Approved Answer
11 years ago, I purchased 123 shares of a stock worth $14.36 per share. There was a 3:1 split, a 4:1 split, and a 4:1
11 years ago, I purchased 123 shares of a stock worth $14.36 per share. There was a 3:1 split, a 4:1 split, and a 4:1 split during that time period. Today the stock is worth $1.99 per share. If the dividend yield was on average 15% during the last 11 years, what was the total rate of return?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started