Question
Suppose you purchased a share of stock for $100 one year ago. Over the last year, you received a total of $6.20 in dividends on
Suppose you purchased a share of stock for $100 one year ago. Over the last year, you received a total of $6.20 in dividends on this stock. Today, you sell the stock for $104. Calculate the rate of return you made on this investment.
| 9.10% | ||
| 10.20% | ||
| 6.20% | ||
| 5.10% | ||
| 4.00% |
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Investments An Introduction
Authors: Herbert B Mayo
10th Edition
0538452099, 9780538452090
