Question
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $41.80 six months ago. She sold all stocks today for $47.28. During
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $41.80 six months ago. She sold all stocks today for $47.28. During that period the stock paid dividends of $1.92 per share. What is Mary's effective annual rate?
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
16th edition
0077664078, 978-0077664077, 78111048, 978-0078111044
