Calculate the rate of return on a stock purchased for $12.00 per share at the beginning of the year, with a dividend of $0.15 per share paid during the year, and the price per share of the stock at the end of the year was $13.50.

Please reflect your answer in the following manner- Examples: 10% would be shown at 10.00; 50.56% would be shown as 50.56.

Answer rating: 100% (QA)

Beginning Share Price 1200 E... View the full answer