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Multiple Choice: Nancy bought 50 shares of ABC stock for $50 per share. She made additional purchases at the end of the each of the
Multiple Choice: Nancy bought 50 shares of ABC stock for $50 per share. She made additional purchases at the end of the each of the following years:
Year 1: 10 shares at $52 per share
Year 2: 10 shares at $53 per share
Year 3: 10 shares at $45 per share
ABC stock has not paid any dividends during her holding period. At the endof the fourth year, the stock is trading for $55 per share. What is Nancy's return over th past 4 years of ABC stock (assume she sells the stock for the current trading price)?
A - 2.95%
B - 3.25%
C - 4.65%
D - 5.00%
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