Asked by Byebye
Natalia Sandino was given 750 shares of stock in the fitness center where she is employed as a salary bonus. The shares were valued at $8.05 when they were placed in her stock portfolio. The shares paid quarterly dividends of $.60 per share. After 7 years, Natalia sold the shares for $10.67. What was her annual rate of return? Round to the nearest hundredth of a percent.
Please help me homework due in half an hour (this is 25 pnts question)
Please help me homework due in half an hour (this is 25 pnts question)
Answers
Answered by
scott
the stock appreciated $2.62 over 7 yrs ... $0.36 per year
quarterly dividends of $2.40 per yr
annual return ... $2.76
annual rate ... (2.76 / 8.05) * 100% ... pretty good return
quarterly dividends of $2.40 per yr
annual return ... $2.76
annual rate ... (2.76 / 8.05) * 100% ... pretty good return
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