Question
Ten years ago you invested $1,000 for 10 shares of Providien, Inc. common stock. You sold the shares recently for $2,000. While you owned the
Ten years ago you invested $1,000 for 10 shares of Providien, Inc. common stock. You sold the shares recently for $2,000. While you owned the stock it paid $10.08 per share in annual dividends. What was your rate of return on Providien stock?
Total dividends per year= 10 shares x $10.08 per share = $100.80.
Rate of return= 15%
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Healthcare Finance: An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
6th Edition
1567937411, 978-1567937411
