Question
At the beginning of last year an investor purchased 500 shares from PQR Corporation at $200 per share. During the year, the firm made a
At the beginning of last year an investor purchased 500 shares from PQR Corporation at $200 per share. During the year, the firm made a 4 for 1 split, and then paid dividends of $1.50 per share. At the end of the year, the investor sold the shares at $52 per share. What is the rate of return?
a.4.00%
b.-74.00%
c.4.25%
d.10.00%
e.7.00%
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
9780134133539
