Question
The following table contains prices and dividends for a stock. All prices are after the dividend has been paid. If you bought the stock on
The following table contains prices and dividends for a stock. All prices are after the dividend has been paid. If you bought the stock on January 1 and sold it on December31, what is your realizedreturn?Hint: Make sure to round all intermediate calculations to at least five decimal places.
Price Dividend
Jan 1 9.94
Mar 31 10.94 0.16
Jun 30 10.44 0.16
Sep 30 11.04 0.16
Dec 31 10.94 0.16
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
