# Question: A stock that sold for 22 at the beginning of

A stock that sold for $22 at the beginning of the year was selling for $24 at the end of the year. If the stock paid a dividend of $.50 per share, what is the simple interest rate on an investment in this stock?

**View Solution:**## Answer to relevant Questions

Taub Company issued 10,000 shares of its $5 par value common stock having a market value of $25 per share and 15,000 shares of its $15 par value preferred stock having a market value of $20 per share for a lump sum of ...A student is trying to determine the half-life of radioactive iodine-131. He measures the amount, A, of iodine-131 in a sample solution every 8 hours. His data are shown in the table.(a) Find an appropriate exponential ...If the effective rate is 12% and compounding is quarterly, compute the nominal rate? Find the compount amount for each of the following deposits: $15,000 at 4.6% compounded semiannually for 11 years.In the New Teswtament, Jesus commends a widow who contributed 2 mites to the temple treasury (Mark 12:42-44). A mite was work the roughly 1/8 of a cent. Suppose the temple had invested those 2 mites at 4% interest compounded ...Post your question