Question: Problem 1 6 - 0 3 A stock cost ' s $ 6 0 and pays a $ 4 annual dividend. If you expect to

Problem

16 - 03

A stock cost

'

s $

60

and pays a $

4

annual dividend. If you expect to sell the stock after nine years for $

80,

what is your anticipated return on the investrment? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest whole number.

%

Problem 1 6 - 0 3 A stock cost ' s $ 6 0 and pays

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