Dany wants to invest the $10,000 he received from his grandmother's estate. He wants to use this money to finance his first house which he will purchase in 5 years.

He decides to purchase a stock that costs $50 per share.  His projected overall return is 10% per annum.  If 8% of that return is derived from share price appreciation, how much of a dividend will he receive per share

Answer rating: 100% (QA)

The total return on the stock is 10 per annum of which 8 comes from share price ap... View the full answer