Calculate your rate of return.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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You purchased 500 shares of stock six years ago at $21.25 and incurred brokerage fees of $345.  You received annual dividends of 27 cents per share.  You just sold the stock for $54 and incurred brokerage fees totaling $518, immediately after receiving the sixth annual dividend.  Calculate your rate of return.

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