Question
In April 2020, Philip purchased 1,000 shares at $20/share in Crazy Inc. In April 2021, as Philip needed money for his tuition, he decided to
In April 2020, Philip purchased 1,000 shares at $20/share in Crazy Inc. In April 2021, as Philip needed money for his tuition, he decided to sell his shares as they hit $25/share. During this one year, he received $1,900 in total dividend payments. What was Philips investment return?
- 25.00%
- 29.67%
- 34.50%
- 35.10%
- 33.18%
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
Finance
Authors: Angelico Groppelli, Ehsan Nikbakht
7th Edition
1438010362, 9781438010366
