Six months ago, you bought a stock for $22.75 a share.You sold it today for $24.50, after

Fantastic news! We've Found the answer you've been seeking!

Question:

Six months ago, you bought a stock for $22.75 a share.You sold it today for $24.50, after receiving a dividend of $3.15 earlier in the day.What was your effective annual rate of return?

Posted Date: May 17, 2024 04:03 AM

See More Questions

QUESTION 5 Discuss the difference between the following:(a) Functional & non-functional requirements(b) User & system requirements T T T Arial ABC 3 (12pt) T Path: p Words:0
In the presidential elections of 2000 and 2004, the vote in the state of Florida was crucial. It is important for the political parties to track party affiliation. Surveys in Broward and Miami-Dade...
2-3 tree T contains m keys and the LL red-black tree R contains n keys. You need to generate a 2-3 tree containing the combined n + m keys. You can assume that all keys are distinct and you know m>n....
Application of data analytics Indicate which type of data analytics, 1 through 4, is described in each of the following statements describing a data analytics application, $a$ through $h$. Data...
The following is a list of the items to be included in the preparation of Warrick Company's 2016 statement of cash flow's: a. Net income, $59,200 b. Payment for purchase of building, $98,000 c....
The outcome X of an experiment has only two possible values, X = 4 and X = 5 . Given that the expected outcome E ( X ) = 4.2 , find P ( X = 5 ) . Give your answer as a decimal
A bond is issued on February 1, 2021 for $144,444.44 with a face value of $5.55%. The market rate at the time of issuance is 3.33%. The bond interest will be paid every quarter starting on April 30,...
Compute cost of goods sold using the following information. Merchandise inventory, beginning Cost of merchandise purchased Merchandise inventory, ending Cost of Goods Sold is Computed as: $ 13,200...
The stockholders' equity section of Cullumber Corporation's balance sheet at December 31, 2024, appears below: Stockholders' equity Paid-in capital Common stock, $10 par value, 365,000 shares...
Current Attempt in Progress Edward Roddick is the new owner of Ace Computer Services. At the end of August 2023, his first month of ownership, Roddick is trying to prepare monthly financial...
Discuss the impact of SABs investment on the social, economic and political macro factors. In order for SAB to accomplish its goals, it requires management to apply the four key management...
What was the average annual rate of change in the price of houses over this time period? 38 years ago, the average home sale price in your hometown was $74,675. Today the average price of a house is...
Pillow Corp. granted 100,000 non-qualified stock options for its $1 par value common stock to its employees on January 1 st , 2021. The exercise price of the options was set to equal the current...
Willingness to pay as a measure of a person's value for a particular good measures the maximum a person would be willing to pay requires that payment actually be made depends on the satisfaction that...
Which of the following does not describe accounting? a. Language of business. b. Is an end rather than a means to an end. c. Useful for decision making. d. Used by business, government, nonprofit...
Who makes up the majority of the members of the American Accounting Association, and how has this organization affected the practice of accounting?
In the early 1980s, Chrysler Corporation was in severe financial difficulty and desperately needed large loans for the company to survive. What factors prevented Chrysler from simply providing...

Six months ago, you bought a stock for $22.75 a share.You sold it today for $24.50, after

Question:

Expert Answer:

Students also viewed these finance questions