Shares of XYZ Corp. pay a $2 dividend at the end of every year on December 31.
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Shares of XYZ Corp. pay a $2 dividend at the end of every year on December 31. An investor buys two shares of the stock on January 1 at a price of $20 each, sells one of those shares for $22 a year later on the next January 1, and sells the second share an additional year later for $19. Find the dollar- and time-weighted rates of return on the 2-year investment.
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Related Book For
ISE Investments
ISBN: 9781260571158
12th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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