Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Marianne Walsh bought XYZ Corporation stocks for $ 2 6 a share at the beginning of 2 0 1 9 . At year - end,

Marianne Walsh bought XYZ Corporation stocks for $26 a share at the beginning of 2019. At year-end, she received a dividend of $1.75 per share and then sold the stock for $30.50 a share. What was Marianne's annual shareholder return on the investment?
Multiple Choice
20.49 percent
17.31 percent
6.25 percent
24.04 percent
10.83 percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Strategic Public Finance

Authors: Stephen Bailey

1st Edition

0333922212, 978-033392221

More Books

Students also viewed these Finance questions

Question

What is more damaging to the environment, poverty or affluence?

Answered: 1 week ago

Question

Write a Python program to check an input number is prime or not.

Answered: 1 week ago