Question
21. The common stock of Jesup's returned a nifty 24.6 percent rate of return last year. The dividend amount was $0.40 a share which equated
21. The common stock of Jesup's returned a nifty 24.6 percent rate of return last year. The dividend amount was $0.40 a share which equated to a dividend yield of 0.6 percent. What was the rate of price appreciation (capital gains) for the year?
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
