47 - 45 = 2
2 + 1.50 = 3.50
100(3.5/45) = 7.8%
Can someone please tell me how to set this up?
I tried doing (45+1.50 - 47) x 150 but I don't think this is right. thank you
An investor in a Corporation. On January 1, Year One, purchased 150 shares of the corporation’s capital stock at a price of $45 per share. On October 15, Year One, the corporation distributed a cash dividend of $1.50 per share to its stockholders. On December 31, Year
One, the corporations stock is selling for $47 per share. What is the annual rate of return on this
investment during Year One, rounded to one decimal point?
1 answer