One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock has a market price of $26.99 per share, compared to Bill's purchase price of $25.70 a share. During the year, Bill collected dividends of $1.18 per share. Compute Bill's realized rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).
One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock has a market price of $26.99 per share, compared to Bill's purchase price of $25.70 a share. During the year, Bill collected dividends of $1.18 per share. Compute Bill's realized rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).
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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![One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock
has a market price of $26.99 per share, compared to Bill's purchase price of $25.70 a
share. During the year, Bill collected dividends of $1.18 per share. Compute Bill's realized
rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34% as
12.34).
Answer:
Check](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe1560fc4-c12a-4da4-b069-6c844e0f74d6%2F49b65be0-659d-4066-97fa-d015de969d3d%2Fg7dfx4p_processed.jpeg&w=3840&q=75)
Transcribed Image Text:One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock
has a market price of $26.99 per share, compared to Bill's purchase price of $25.70 a
share. During the year, Bill collected dividends of $1.18 per share. Compute Bill's realized
rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34% as
12.34).
Answer:
Check
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