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Palpatine purchased 100 shares of Death Star, Inc stock at $30 per share last year and sold them 12 months later for $24 per share.
Palpatine purchased 100 shares of Death Star, Inc stock at $30 per share last year and sold them 12 months later for $24 per share.
Due to a very rapid expansion, the shares split 2 for 1 shortly after Palpatine purchased the stock.
If the stock paid $0.25 per original share in dividends last year, what is Palpatine's annualized return (round to 2 decimals)?
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