Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mary purchased 100 shares of Sweet Pea Co. stock at a price of $46.42 six months ago. She sold all stocks today for $42.35. During

Mary purchased 100 shares of Sweet Pea Co. stock at a price of $46.42 six months ago. She sold all stocks today for $42.35. During that period the stock paid dividends of $1.58 per share. What is Marys effective annual rate?

I have three different answers from -10.23% to 17.03%. I do not know why? Please help to get this answer right

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_2

Step: 3

blur-text-image_3

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

The Ages Of The Investor A Critical Look At Life Cycle Investing

Authors: William J Bernstein

1st Edition

1478227133, 978-1478227137

More Books

Students also viewed these Finance questions