Tommy wishes to determine the return on two stocks she owned in 2019. At the beginning...

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Tommy wishes to determine the return on two stocks she owned in 2019. At the beginning of the year, stock X traded for $51per share. During the year, X paid dividends of $10 At the end of the year. Xstock was worth $71 Calculate the annual rate of return, r. for X (Enter the answer in % format without % sign -> 20.51 and not 20.51% or 0.2051) Tommy wishes to determine the return on two stocks she owned in 2019. At the beginning of the year, stock X traded for $51per share. During the year, X paid dividends of $10 At the end of the year. Xstock was worth $71 Calculate the annual rate of return, r. for X (Enter the answer in % format without % sign -> 20.51 and not 20.51% or 0.2051)

Answer rating: 100% (QA)

To calculate the annual rate of return for stock X we need to consider both the capital gain ... View the full answer