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 ...

A stock that sold for $22 at the beginning of the year was selling for $24 at

Question:

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 of $.50 per share, what is the simple interest rate on an investment in this stock?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...