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Date Jan. 1, 2005 Feb. 1, 2005 Mar. 1, 2005 Apr. 1, 2005 Jan. 1, 2006 Stock Price (after Event) $100 $95 $65 $55 $70 Event Issue 10% Preferred Stocks Split 2:3 $3.00 dividends per stock

Date Jan. 1, 2005 Feb. 1, 2005 Mar. 1, 2005 Apr. 1, 2005 Jan. 1, 2006 Stock Price (after Event) $100 $95 $65 $55 $70 Event Issue 10% Preferred Stocks Split 2:3 $3.00 dividends per stock

Essentials Of Investments
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
Problem 1PS
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Question

What is the annual rate of return on the stock (percentage) before tax?

37.67%

29.19%

23.55%

Date Jan. 1, 2005 Feb. 1, 2005 Mar. 1, 2005 Apr. 1, 2005 Jan. 1, 2006 Stock Price (after Event) $100 $95 $65 $55 $70 Event Issue 10% Preferred Stocks Split 2:3 $3.00 dividends per stock
Transcribed Image Text:Date Jan. 1, 2005 Feb. 1, 2005 Mar. 1, 2005 Apr. 1, 2005 Jan. 1, 2006 Stock Price (after Event) $100 $95 $65 $55 $70 Event Issue 10% Preferred Stocks Split 2:3 $3.00 dividends per stock
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