Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Emily purchased a stock for $45 on January 1. The stock paid a dividend of $2 on December 30, and she sold the stock for
Emily purchased a stock for $45 on January 1. The stock paid a dividend of $2 on December 30, and she sold the stock for $49 on December 31. What was her annual return for the year from this investment?
Multiple choice question.
8.9%
11.8%
12.2%
13.3%
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