Question
A couple bought some stock for $20 per share that pays an annual dividend of $0.60 per share. After 2 years the price of the
A couple bought some stock for $20 per share that pays an annual dividend of $0.60 per share. After 2 years the price of the stock was $22.
(a) What is the return on investment? %
(b) Find the simple interest rate on the growth of their investment. %
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
