Marjorie Reynolds recently received a bonus at work and has decided to invest it in the stock of either Fabulous Corporation or Terrific Corporation. Following information is provided: Fabulous Corp. Terrific Corp. Stock price, 1/1/X1 $98 $76 Stock price, 12/31/X1 $103 $92 Dividend per share during year $3 $0 

Determine the value of each share of stock on December 31 as compared with January 1.  

Determine the annual rate of return on the two stocks. 

Answer rating: 100% (QA)

calculation of rate of return rate of return is calculated by two w... View the full answer