Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Six months ago, you bought a stock for $22.00 a share. You sold it today for $23.75, after receiving a dividend of $2.85 earlier in

image text in transcribed

Six months ago, you bought a stock for $22.00 a share. You sold it today for $23.75, after receiving a dividend of $2.85 earlier in the day. What was your effective annual rate of return? 45.04% 46.19% 47.34% 48.50% 49.65%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Trade Finance

Authors: Indian Institute Of Banking & Finance

1st Edition

9386394723, 978-9386394729

More Books

Students also viewed these Finance questions

Question

1. Organize and support your main points

Answered: 1 week ago

Question

3. Move smoothly from point to point

Answered: 1 week ago

Question

5. Develop a strong introduction, a crucial part of all speeches

Answered: 1 week ago