Question
Michele purchased 100 shares of ABC stock for $20 per share. Each year, she received quarterly dividends of $30. After three years of ownership,
Michele purchased 100 shares of ABC stock for $20 per share. Each year, she received quarterly dividends of $30. After three years of ownership, Michele sold the stock for $22.45 per share. a. What was her holding period return? Show your calculations b. What was Michele's annualized return on the stock? Show your calculations. c. What is the dollar amount of Michele's return?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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