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You've recorded the following prices and dividend payments for a stock: Quarter Stock price (end of quarter) Dividend per share (end of quarter) Shares bought
You've recorded the following prices and dividend payments for a stock:
| Quarter | Stock price (end of quarter) | Dividend per share (end of quarter) | Shares bought or sold (after dividend payment) | Shares held (before div. payment) |
| 0 | 61.32 | 4 | 0 | |
| 1 | 99.25 | 3.65 | 1 | 4 |
| 2 | 83.54 | 3.65 | 0 | 5 |
| 3 | 111.72 | 3.65 | -2 | 5 |
| 4 | 79.01 | 3.65 | -3 | 3 |
What was the dollar-weighted (money-weighted) rate of return?
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Intermediate Financial Management
Authors: Eugene BrighamPhillip Daves
1st Edition
0324594712, 9780324594713
