I bought AEO stock on 8/14/2018 for $28.02 and then collected $0.1375 dividend on 10/11/2018 and then sold my stock on 11/30/2018 for $20.93. What has been my annualized return from this transaction? ( Please use IRR) A)-54.24% B)-61.96% C)-84.75% D)-78.45%
I bought AEO stock on 8/14/2018 for $28.02 and then collected $0.1375 dividend on 10/11/2018 and then sold my stock on 11/30/2018 for $20.93. What has been my annualized return from this transaction? ( Please use IRR) A)-54.24% B)-61.96% C)-84.75% D)-78.45%
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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I bought AEO stock on 8/14/2018 for $28.02 and then collected $0.1375 dividend on 10/11/2018 and then sold my stock on 11/30/2018 for $20.93. What has been my annualized return from this transaction? ( Please use
A)-54.24%
B)-61.96%
C)-84.75%
D)-78.45%
Please answer fast I give you upvote.
Expert Solution
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Step 1: Introduction:
The annualized rate of return is the return in percentage terms that an investor can expect from the investment made in the securities for a certain period of time. The dividend will be the cash inflows on stock investment.
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