Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose you invested $ 7 9 in the Ishares Dividend Stock Fund ( DVY ) a month ago. It paid a dividend of $ 0

Suppose you invested $79 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a dividend of $0.47 today and then you sold it for $69. What was your return on the investment?
A.-13.27%
B.-15.68%
C.-13.87%
D.-12.06%
image text in transcribed

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions