Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 7(1 point) Mary purchased 100 shares of Sweet Pea Co. stock at a price of $47.91 six months ago. She sold all stocks today
Question 7(1 point)
Mary purchased 100 shares of Sweet Pea Co. stock at a price of $47.91 six months ago. She sold all stocks today for $47.36. During that period the stock paid dividends of $1.09 per share. What is Mary's effective annual rate?
Round the answers to two decimal places in percentage form.(Write the percentage sign in the "units" box)
Your Answer:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started