On January 1, 2016 (beginning of the year) the common stock for Collins Corporation had a market
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On January 1, 2016 (beginning of the year) the common stock for Collins Corporation had a market value of $28.00. At December 31, 2016 (end of the year), the market value had increased to $32.00. During the year, Collins Company paid a cash dividend of $3.00. What was the annual return to an investor during 2016?
Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
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