At the beginning of the year, you purchased a share of stock for $55. Over the year
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Question:
At the beginning of the year, you purchased a share of stock for $55. Over the year the dividends paid on the stock were $2.50 per share.
a. Calculate the return if the price of the stock at the end of the year is $50. (Negative amount should be indicated by a minus sign. Round your answer to 2 decimal places. (e.g., 32.16))
b. Calculate the return if the price of the stock at the end of the year is $60. (Round your answer to 2 decimal places. (e.g., 32.16))
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders, Marcia Cornett
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