Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased a share of stock for $50 a share four months ago. Today, you received a dividend of $1 a share and also sold

You purchased a share of stock for $50 a share four months ago. Today, you received a dividend of $1 a share and also sold the shares for $55. What was his annualized rate of return on this investment?

A.

40.49%

B.

2.87%

C.

12.00%

D.

38.5%

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

Financial Crisis Labour Markets And Institutions

Authors: Sebastiano Fadda

1st Edition

1138901822,1136268502

More Books

Students also viewed these Finance questions