Question
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $41.35 six months ago. She sold all stocks today for $47.19. During
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $41.35 six months ago. She sold all stocks today for $47.19. During that period the stock paid dividends of $2.07 per share. What is Mary's effective annual rate?
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Financial Markets and Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
8th edition
013342362X, 978-0133423624
