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A stock was just purchased at $23.08. The price is projected to be $24.15, $23.99, and $24.26 at end of Years 1 to 3, respectively.
A stock was just purchased at $23.08. The price is projected to be $24.15, $23.99, and $24.26 at end of Years 1 to 3, respectively. The annual dividend is constant at $0.20 a share. What is the geometric average return on this stock? A. 2.52 percent B. 3.27 percent C. 5.48 percent D. 2.23 percent
A stock was just purchased at $23.08. The price is projected to be $24.15, $23.99, and $24.26 at end of Years 1 to 3, respectively. The annual dividend is constant at $0.20 a share. What is the geometric average return on this stock?
A.
2.52 percent
B.
3.27 percent
C.
5.48 percent
D.
2.23 percent
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
