You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700. What annual rate of return did you earn of your investment?
You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700. What annual rate of return did you earn of your investment?
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
Problem 2PROB
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