Question
Tom purchased 100 shares of Dalia Co. stock at a price of $125.07 four months ago. He sold all stocks today for $124.71. During the
Tom purchased 100 shares of Dalia Co. stock at a price of $125.07 four months ago. He sold all stocks today for $124.71. During the year the stock paid dividends of $5.85 per share. What is Toms effective annual rate?
Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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Introduction To Finance Financial Management And Investment Management
Authors: Pamela P. Drake, Frank J. Fabozzi, Francesco A. Fabozzi
1st Edition
9811239657, 978-9811239656
