A stock that sold for $17per share at the beginning of the year was selling for$96

Question

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.

Answer 1

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 %