Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You purchased 100 shares in a real estate investment trust for $30 a share. The trust paid the following annual dividends: Year Dividend 1 $
You purchased 100 shares in a real estate investment trust for $30 a share. The trust paid the following annual dividends:
Year | Dividend | ||
1 | $ | 2.00 | |
2 | 1.50 | ||
3 | 2.34 | ||
4 | 2.76 |
What was your annualized return on the investment if you sell the stock for $30? Round your answer to the nearest whole number.
What was your annualized return on the investment if you sell the stock for $50? Round your answer to the nearest whole number.
%
%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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