Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You bought a stock for $75.09 and sold it for $78.93 after 7 months. During that time, the stock paid dividends of $1.65 per share.

You bought a stock for $75.09 and sold it for $78.93 after 7 months. During that time, the stock paid dividends of $1.65 per share.

What is the annualized return? Enter your answer as a decimal.

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

ABC Finance Coloring Book Familys First Financial Literacy Book

Authors: Jason Conger

1st Edition

1955961026, 978-1955961028

More Books

Students also viewed these Finance questions

Question

Price Ceilings and Price Floors

Answered: 1 week ago

Question

What must a creditor do to become a secured party?

Answered: 1 week ago