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Problem 16-05 You purchased 100 shares in a real estate investment trust for $20 a share. The trust paid the following annual dividends: Year Dividend

Problem 16-05

You purchased 100 shares in a real estate investment trust for $20 a share. The trust paid the following annual dividends:

Year Dividend
1 $ 0.90
2 1.10
3 1.50
4 0.80

A. What was your annualized return on the investment if you sell the stock for $20? Round your answer to the nearest whole number. _____%

B. What was your annualized return on the investment if you sell the stock for $29? Round your answer to the nearest whole number._____%

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