Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You bought a stock for $ 3 0 on January 2 nd 2 0 2 3 . You held the stock for exactly one year

You bought a stock for $30 on January 2nd 2023. You held the stock for exactly one year and sold it for $33. During your holding period, you received $1.5 in dividends. What is your total rate of return on this investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions