You purchase a stock for $10,000 and collect $400 at the end of each year in dividends.

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You purchase a stock for $10,000 and collect $400 at the end of each year in dividends. You sell the stock for $11,300 after four years. What was the annual return on your $10,000 investment?

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Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Question Posted: Mar 19, 2015 09:24 AM

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You purchase a stock for $10,000 and collect $400 at the end of each year in dividends.

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10000 400PVAIF 4N I 11300PVIF 4N ...View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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