Question
You buy a share of stock today for $ 66 and receive quarterly dividends of $ 4.70 at the end of each quarter for
You buy a share of stock today for $ 66 and receive quarterly dividends of $ 4.70 at the end of each quarter for the next 2 years, and sell the stock for $ 67 at the end of two years. What is the annual return on your investment? Round your final answer as a percentage to one decimal place (e.g. 15.8%) A/
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Corporate Finance A Focused Approach
Authors: Michael C. Ehrhardt, Eugene F. Brigham
4th Edition
1439078084, 978-1439078082
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