Question
Tom purchased 100 shares of Dalia Co. stock at a price of $120.89 four months ago. He sold all stocks today for $122.97. During the
Tom purchased 100 shares of Dalia Co. stock at a price of $120.89 four months ago. He sold all stocks today for $122.97. During the year the stock paid dividends of $5.42 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 Personal Finance Beginning Your Financial Journey
Authors: Lance Palmer, John E. Grable
2nd Edition
1119797063, 978-1119797067
