Question: Jack earned a 14.5 percent return on a share that he purchased one year ago. The share is now worth $11.97, and he just received
Jack earned a 14.5 percent return on a share that he purchased one year ago. The share is now worth $11.97, and he just received a dividend of $1.82. How much did Jack originally pay for the share? (in dollars to the nearest cent; dont use $ sign)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
