Joel purchased 100 shares of stock for $20 per share. During the year, he received dividend cheques

Question:

Joel purchased 100 shares of stock for $20 per share. During the year, he received dividend cheques amounting to $150. After three years, Joel sold the stock for $32 per share. What was his holding period return? What was Joel’s annualized return on the stock? What is the dollar amount of Joel’s 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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