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Suppose you just purchased stock in Sheels for $129.84 per share you expect to collect a $2.2 dividend in one year and expect to sell
Suppose you just purchased stock in Sheels for $129.84 per share you expect to collect a $2.2 dividend in one year and expect to sell the stock for $147 per share (ex-dividend) in one year. Find the annualized holding return on your investment. Assume that you do not collect a dividend today, and you will collect a dividend on the day you sell the stock.
The answer given was 14.91, I'm just not sure how to get there.
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