Question: 2. Gunther earned a 62.5 per cent return on a share that he purchased one year ago. The share is now worth $12, and he
2. Gunther earned a 62.5 per cent return on a share that he purchased one year ago. The share is now worth $12, and he received a dividend of $1 during the year. How much did Gunther originally pay for the share? a. $7.00 b. $7.50 c. $8.00 d. $8.50
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
