Asked by mako
A stock that sold for $17per share at the beginning of the year was selling for$96
at the end of the year. If the stock paid a dividend of $3.57 per share, what is the simple interest rate on the investment in this stock? Consider the interest to be the increase in value plus the dividend.
at the end of the year. If the stock paid a dividend of $3.57 per share, what is the simple interest rate on the investment in this stock? Consider the interest to be the increase in value plus the dividend.
Answers
Answered by
Reiny
Wow, let me know what stock that is.
profit = 96-17 + 3.57 = 82.57
I = PRT
82.57 = 17(R)(1)
R = 82.57/17 = 4.857 = appr 486 %
profit = 96-17 + 3.57 = 82.57
I = PRT
82.57 = 17(R)(1)
R = 82.57/17 = 4.857 = appr 486 %
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