Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

just purchased 100 shares of Procter & Gamble stock for $45 at the beginning of the year. During the year The stock paid a dividend

just purchased 100 shares of Procter & Gamble stock for $45 at the beginning of the year. During the year The stock paid a dividend of $1 per share. At the end of the year, Beth sold the stock for $52 per share. What is Beth's rate of return on this stock?
A 17.77
B. 15.56
C. 13.46
D. 15.38

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio

Authors: Robert A.Weigand

1st edition

978-111863091, 1118630912, 978-1118630914

Students also viewed these Finance questions