Question
Suppose that an investor buys 100 shares of ABC Company's stock for $ 54.00 per share and sells the total 100 share for $ 6,000.00
Suppose that an investor buys 100 shares of ABC Company's stock for $ 54.00 per share and sells the total 100 share for $ 6,000.00 after one year. Additionally, ABC Company pays dividend of $ 1.20 per share during the year. What is the rate of return on this investment?
| 13.33% | ||
| -7.50% | ||
| 41.67% | ||
| -19.44% | ||
| 34.00% |
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
Finance At 40 Financial Intelligence
Authors: MOIRA O'NEILL Moira O'Neill
1st Edition
1408101114, 978-1408101117
