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Johnny Apple purchases a share of Stock B for $75. Stock B pays an annual dividend of $2.50. At the end of the first year
Johnny Apple purchases a share of Stock B for $75. Stock B pays an annual dividend of $2.50. At the end of the first year he owns it, Johnny purchases another share for $100. Stock B subsequently falls and Johnny decides to sell both shares of Stock B at the end of the second year since owning it at $80.
What was the time-weighted return of Johnny's investment in Stock B?
Group of answer choices
4.71%
9.58%
6.18%
2.42%
4.56%
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