Question: Dev recently sold Protus Corp for $45 after holding the stock for a year. He received dividends payments totally $1.20 over that year and earned
Dev recently sold Protus Corp for $45 after holding the stock for a year. He received dividends payments totally $1.20 over that year and earned 9.5%. How much did Dev pay for Protus?
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a
$39.90
b
$41.10
c
$42.19
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
