Question
Tom purchased 100 shares of Dalia Co. stock at a price of $126.25 four months ago. He sold all stocks today for $126.42. During the
Tom purchased 100 shares of Dalia Co. stock at a price of $126.25 four months ago. He sold all stocks today for $126.42. During the year the stock paid dividends of $5.42 per share. What is Tom's effective annual rate?
Round the answers to two decimal places in percentage form.
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
