Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An investor purchased a stock for $20.09 and sold it one year later for $25.24. The investor also received a dividend payment of $1.49.What was
An investor purchased a stock for $20.09 and sold it one year later for $25.24. The investor also received a dividend payment of $1.49.What was the investor's realized return? (Enter your answer as a decimal rounded to 4 decimal places, not a percentage.For example, enter .0153 instead of 1.53%.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started