Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Stock price of ABC company at the end of 2018 was $85. In 2019 the quarter end stock prices are $94, $80, $75, and $70
Stock price of ABC company at the end of 2018 was $85. In 2019 the quarter end stock prices are $94, $80, $75, and $70 for the 1st, 2nd, 3rd, and 4th quarters respectively. If company pays $4.8 dividend at the end of each quarter what is the annual return for 2019?
Question 3 options:
-27% | |
8.75% | |
-8.96% | |
4.32% |
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