(Calculating rates of return) The common stock of Placo Enterprises had a market price of $10.84 on the day you purchased it just one year ago. During the past year the stock had paid a dividend of $1.49 and closed at a price of $13.41. What rate of return did you earn on your investment in Placo's stock? The rate of return you earned on your investment in Placo's stock is %. (Round to two decimal places.)
(Calculating rates of return) The common stock of Placo Enterprises had a market price of $10.84 on the day you purchased it just one year ago. During the past year the stock had paid a dividend of $1.49 and closed at a price of $13.41. What rate of return did you earn on your investment in Placo's stock? The rate of return you earned on your investment in Placo's stock is %. (Round to two decimal places.)
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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Transcribed Image Text:(Calculating rates of return) The common stock of Placo Enterprises had a market price of $10.84 on the day you purchased it just one year ago. During the past year the stock
had paid a dividend of $1.49 and closed at a price of $13.41. What rate of return did you earn on your investment in Placo's stock?
The rate of return you earned on your investment in Placo's stock is %. (Round to two decimal places.)
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