Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the data in the table below, calculate the return for investing in the Enbridge Inc. stock for the year 2021, assuming all dividends
Using the data in the table below, calculate the return for investing in the Enbridge Inc. stock for the year 2021, assuming all dividends are reinvested in the stock immediately. Required Historical Stock and Dividend Data for Enbridge Inc. Price ($) Date 31/12/2020 15/06/2021 17/12/2021 31/12/2021 51.50 41.00 50.95 61.14 Dividend ($) 0.20 0.30 Calculate the return realized in year 2021 for investing in the Enbridge Inc. stock. (7 points)
Step by Step Solution
★★★★★
3.58 Rating (158 Votes )
There are 3 Steps involved in it
Step: 1
To calculate the return for investing in Enbridge Inc stock for the year 2021 assuming all dividends ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started