Question
Mary purchased 100 shares of sweet pea co. stock at a price of $45.60 six months ago. She sold all stocks today for $42.94. During
Mary purchased 100 shares of sweet pea co. stock at a price of $45.60 six months ago. She sold all stocks today for $42.94. During that period the stock paid dividends of $1.17 per share. what is mary's effective annual rate?
I got -6.43% but I was NOT sure. please help
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
Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
