If you buy 100 shares of Ajax Corporation at $15 a share and sell them a year
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Question:
- If you buy 100 shares of Ajax Corporation at $15 a share and sell them a year later for $20 a share, what was your return if the shares paid $2 per share in dividends? (Ignore trading commissions and fees. Round to the nearest whole percentage.)
- John decides to take his $2,000 annual Christmas bonus and invest it each year for the next five years in stocks that he believes can earn an 8% annual return. How much will John's investment be worth at the end of five years?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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