You buy 100 shares of stock for $50 per share. The stock pays a dividend of $2 per share per year. (Round your answers to the nearest whole number, if necessary)   After 1 year, if you sell the shares for $50 per share, what is the percentage return that you earned? After 1 year, if you sell your shares for $60 per share, what is the percentage return that you earned?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 17P
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You buy 100 shares of stock for $50 per share. The stock pays a dividend of $2 per share per year.

(Round your answers to the nearest whole number, if necessary)

 

After 1 year, if you sell the shares for $50 per share, what is the percentage return that you earned?

After 1 year, if you sell your shares for $60 per share, what is the percentage return that you earned?

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