Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jill purchased a share one year ago for $6.27, and it is now worth $13.36. The share paid a dividend of $1.20 during the year.

image text in transcribed

Jill purchased a share one year ago for $6.27, and it is now worth $13.36. The share paid a dividend of $1.20 during the year. What was the share's rate of return from capital appreciation during the year? (as a percentage to the nearest two decimal points. don't use % sign. eg 2.881% is 2.88)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introductory Econometrics For Finance

Authors: Chris Brooks

3rd Edition

1107661455, 9781107661455

More Books

Students also viewed these Finance questions

Question

In preparing a budget, what indirect costs should be considered?

Answered: 1 week ago

Question

Is there any formal training for teaching?

Answered: 1 week ago