Question
1.Calculate the payback time for a $11,000 investment that returns $3,000 every year for 24 years at 8.4% annual interest rate. 2.Last year, you bought
1.Calculate the payback time for a $11,000 investment that returns $3,000 every year for 24 years at 8.4% annual interest rate.
2.Last year, you bought a share of stock for $81. Today, you decided to sell it, since it went up in price to $113 a share. Also, over the year, the company paid you a $4.9 dividend.
What was your capital gains yield over the year?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
