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Mike purchased two shares of stock X for $55 each. Next year he received a dividend of $2.50 from each stock and purchased another two
Mike purchased two shares of stock X for $55 each. Next year he received a dividend of $2.50 from each stock and purchased another two shares of stock X for $62 each. In second year, Mike sold all shares for $60 each before receiving dividends. Calculate his time-weighted return
9.1% | ||
5.5% | ||
6.7% | ||
7.3% |
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