Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started