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Two years ago Simon bought two shares of a stock at $43 each. A year later he earned $2 dividend on each share. A year
Two years ago Simon bought two shares of a stock at $43 each. A year later he earned $2 dividend on each share. A year ago today the stock the price was $43.823. At that time Simon bought another share at the new price. Today the price is $45.03 and a dividend of $2 a share was also paid out today. What was the dollar weighted return on his investment? (Report your answer to the nearest basis point in percent. For example, if your answer is 10.42 percent enter 10.42, not .1042 and do not include a percent sign or any words.)
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