Consider the year-end prices for Google. Inc over the last five years Google did not pay a
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YEAR PRICE
2012.......................................$571.20
2011.......................................$603.36
2010.......................................$534.10
2009.......................................$338.28
2008.......................................$569.22
2007.......................................$510.52
Calculate the geometric return
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...
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Auditing A Business Risk Approach
ISBN: 978-0538476232
8th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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