You buy a stock for $1,000 and expect to sell it for $900 after four years but

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You buy a stock for $1,000 and expect to sell it for $900 after four years but also expect to collect dividends of $120 a year. Prove that the return on this investment is less than 10 percent.

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Basic Finance An Introduction to Financial Institutions Investments and Management

ISBN: 978-1111820633

10th edition

Authors: Herbert B. Mayo

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Question Posted: Mar 19, 2015 09:24 AM

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You buy a stock for $1,000 and expect to sell it for $900 after four years but

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1000 120PVAIF 4N I 900PVIF 4N I At ...View the full answer

Basic Finance An Introduction to Financial Institutions Investments and Management

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