Question
I have done this problem several times and I keep getting a different answer when I put it in excel I got 33.33%. When I
I have done this problem several times and I keep getting a different answer when I put it in excel I got 33.33%. When I did it on the calculator I got 6.23% and the answer in the back of the book is 6.4%
Please show and explain in excel. I am totally confused.
A stock costs $90 and pays a $4 annual dividend. If you expect to sell the stock after five years for $100, what is your anticipated return on the investment?
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Investments Analysis and Management
Authors: Charles P. Jones
12th edition
978-1118475904, 1118475909, 1118363299, 978-1118363294
