Michele purchased 100 shares of ABC stock for $20 per share. Each year, she received quarterly...

 

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Michele purchased 100 shares of ABC stock for $20 per share. Each year, she received quarterly dividends of $30. After three years of ownership, Michele sold the stock for $22.45 per share. a. What was her holding period return? Show your calculations b. What was Michele's annualized return on the stock? Show your calculations. c. What is the dollar amount of Michele's return? Michele purchased 100 shares of ABC stock for $20 per share. Each year, she received quarterly dividends of $30. After three years of ownership, Michele sold the stock for $22.45 per share. a. What was her holding period return? Show your calculations b. What was Michele's annualized return on the stock? Show your calculations. c. What is the dollar amount of Michele's return?

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