Microsoft paid a one-time special dividend of $3.08 on November 15, 2004. Suppose you bought Microsoft stock

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Microsoft paid a one-time special dividend of $3.08 on November 15, 2004. Suppose you bought Microsoft stock for $28.08 on November 1, 2004, and sold it immediately after the dividend was paid for $27.39.

What was your realized return from holding the stock?

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Fundamentals Of Corporate Finance

ISBN: 9781292437156

5th Global Edition

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

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Question Posted: Feb 27, 2024 03:07 AM

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Microsoft paid a one-time special dividend of $3.08 on November 15, 2004. Suppose you bought Microsoft stock

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PLAN We can use Eq 111 to calculate the realized return We need t...View the full answer

Fundamentals Of Corporate Finance

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