Joshua purchases 100 shares of McDonalds (MCD) stock on April 13, 2015 at $83.98 per share. Three

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Joshua purchases 100 shares of McDonalds (MCD) stock on April 13, 2015 at $83.98 per share. Three years later on April 13, Joshua sells the 100 shares for $152.12 per share. In addition, Joshua received a dividend of

Year 1 $ 3.44 per share

Year 2 $ 3.61 per share

Year 3 $ 3.83 per share

What is the total rate of return for Joshua for the time that he invested in McDonald's ? Round to nearest decimal place

Related Book For answer-question

South Western Federal Taxation 2017 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357109144

20th Edition

Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen

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Posted Date: Apr 17, 2024 09:34 AM

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Joshua purchases 100 shares of McDonalds (MCD) stock on April 13, 2015 at $83.98 per share. Three

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Answer To calculate the total rate of return for Joshuas investment in McDonalds MCD stock we need t... View the full answer

South Western Federal Taxation 2017 Essentials Of Taxation Individuals And Business Entities

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