Gary purchased 250 shares of PAC stock for $37 per share and sold this same stock one year later for $44 per share. He paid commissions of $15 when he purchased the stock and $10 when he sold the stock. Dividends of $1.50 per share were paid during the year. The total rate of return on this investment was ?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 2PROB
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Gary purchased 250 shares of PAC stock for $37 per share and sold this same stock
one year later for $44 per share. He paid commissions of $15 when he purchased the
stock and $10 when he sold the stock. Dividends of $1.50 per share were paid during
the year. The total rate of return on this investment was ?

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