The table below shows the market performance for a share of common stock in a multi-national corporation. Date Price Dividends Paid January 24, 2005 P60.00 P5.00 January 24, 2006   63.00   5.50 January 24, 2007   67.00   6.05 January 24, 2008   74.00   7.49 c) on January 24, 2009 the stock price plunges to P62.00 with a P3.00 dividend paid per share. Determine the rate of return for the four year holding period.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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Chapter12: Investing In Stocks And Bonds
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Problem 4FPE: The Castle Company recently reported net profits after taxes of $15.8 million. It has 2.5 million...
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The table below shows the market performance for a share of common stock in a multi-national corporation.

Date

Price

Dividends Paid

January 24, 2005

P60.00

P5.00

January 24, 2006

  63.00

  5.50

January 24, 2007

  67.00

  6.05

January 24, 2008

  74.00

  7.49

c) on January 24, 2009 the stock price plunges to P62.00 with a P3.00 dividend paid per share. Determine the rate of return for the four year holding period. (Ans. 10%)

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