Question
John buys a share of stock at $54, sells it at year-end at $52, and receives a $8 year-end dividend. What is his rate of
John buys a share of stock at $54, sells it at year-end at $52, and receives a $8 year-end dividend. What is his rate of return?
Step by Step Solution
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Step: 1
To calculate Johns rate of return we can use the formula Rate of return Ending value In...
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
