14 years ago, I purchased 114 shares of a stock worth $15.25 per share. There was a 2:1 split, a 3:1 split, and a 4:1 split during that time period. Today the stock is worth $1.57 per share. If the dividend yield was on average 13% during the last 14 years, what was the total rate of return? Round your answer to the nearest whole number.
14 years ago, I purchased 114 shares of a stock worth $15.25 per share. There was a 2:1 split, a 3:1 split, and a 4:1 split during that time period. Today the stock is worth $1.57 per share. If the dividend yield was on average 13% during the last 14 years, what was the total rate of return? Round your answer to the nearest whole number.
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 1PROB
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