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7. You own 1 share of Martha Stewart Omnimedia for only 1 year. You paid $13.50 for the stock, and while you are not happy

7. You own 1 share of Martha Stewart Omnimedia for only 1 year. You paid $13.50 for the stock, and while you are not happy that it doesnt pay a dividend, you do like the fact that the stock is now selling for $24.00. What was your rate of return on the stock (note: this is a chapter 5 problem use a formula from THAT chapter)

r = Pt Pt-1 + C / Pt-1

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