Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jill purchased a share one year ago for $9.10, and it is now worth $11.07. The share paid a dividend of $1.20 during the year.
Jill purchased a share one year ago for $9.10, and it is now worth $11.07. 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. dont use % sign. eg 2.881% is 2.88)
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