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You buy a stock for $65. The following year you sell it at again and receive a price that is $9 higher than what you paid. You also receive a dividend of 9. Based on the given numbers, your rate of return was. %. M Give your answer with two decimals and with no $ or %. Note for instance that 10% 0.1 10 should be written as 10.00. B Your Answer: Answer

You buy a stock for $65. The following year you sell it at again and receive a price that is $9 higher than what you paid. You also receive a dividend of 9. Based on the given numbers, your rate of return was. %. M Give your answer with two decimals and with no $ or %. Note for instance that 10% 0.1 10 should be written as 10.00. B Your Answer: Answer

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)
6th Edition
ISBN:9781337117005
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter12: Investing In Stocks And Bonds
Section: Chapter Questions
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Question 10 You buy a stock for $65. The following year you sell it at again and receive a price that is $9 higher than what you paid. You also receive a dividend of 9. Based on the given numbers, your rate of return was. %. Give your answer with two decimals and with no $ or %. Note for instance that 10% 0.110 should be written as 10.00. Your Answer: M Answer
Transcribed Image Text:Question 10 You buy a stock for $65. The following year you sell it at again and receive a price that is $9 higher than what you paid. You also receive a dividend of 9. Based on the given numbers, your rate of return was. %. Give your answer with two decimals and with no $ or %. Note for instance that 10% 0.110 should be written as 10.00. Your Answer: M Answer
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