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)

1 answer

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