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Joshus purchases 100 shares of McDonalds (MCD) stock on April 13, 2015 at $83.98 per share. Three years later on April 13, Joshus sells the 100 $152.12 per share. In addition, Joshua received a dividend of Year 1 $ 3.44 per share Year 2 $ 3.61 per share Year 3 $ 3.83 per share What was Joshua's annualized rate for the three years? Round to two decimal places

Joshus purchases 100 shares of McDonalds (MCD) stock on April 13, 2015 at $83.98 per share. Three years later on April 13, Joshus sells the 100 $152.12 per share. In addition, Joshua received a dividend of Year 1 $ 3.44 per share Year 2 $ 3.61 per share Year 3 $ 3.83 per share What was Joshua's annualized rate for the three years? Round to two decimal places

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
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QUESTION 25 Joshua purchases 100 shares of McDonalds (MCD) stock on April 13, 2015 at $83.98 per share. Three years later on April 13, Joshua sells the 100 shares fo $152.12 per share. In addition, Joshua received a dividend of Year 1 $ 3.44 per share Year 2 $ 3.61 per share Year 3 $ 3.83 per share What was Joshua's annualized rate for the three years? Round to two decimal places
Transcribed Image Text:QUESTION 25 Joshua purchases 100 shares of McDonalds (MCD) stock on April 13, 2015 at $83.98 per share. Three years later on April 13, Joshua sells the 100 shares fo $152.12 per share. In addition, Joshua received a dividend of Year 1 $ 3.44 per share Year 2 $ 3.61 per share Year 3 $ 3.83 per share What was Joshua's annualized rate for the three years? Round to two decimal places
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