Question
You bought Apple stock for $49 on April 1. The stock paid a dividend of $2 on July 1, and had a price of $57.
You bought Apple stock for $49 on April 1. The stock paid a dividend of $2 on July 1, and had a price of $57. It is now Oct. 1, and the stock price is $64. What was the arithmetic average quarterly return? What was the geometric average return per quarter?
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
