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Liz purchased 2,000 shares of Cosmetic Inc. for a total of $5,300 in April 2021 and was excited to receive a total of $1,400
Liz purchased 2,000 shares of Cosmetic Inc. for a total of $5,300 in April 2021 and was excited to receive a total of $1,400 in dividends throughout the year on these shares. She decides to sell 800 shares in April 2022 when the stock price hits $9.20/share. What is her Return On Investment (ROI) over the one year that she held them? a) 661% b) 561% c) 423% d) 382% e) 274%
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Solution The correct answer is e 274 Total Amounl Total share Pusehase Pur...
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
