OT 1oon nased a share Of ABC. com commo stock e For Rs. 45. During the past year the common stock paid an annual 2.40. The firm sold the security today for Rs. 85. What is the r Firm has earned? 5.3% 194.2% 94.2%
OT 1oon nased a share Of ABC. com commo stock e For Rs. 45. During the past year the common stock paid an annual 2.40. The firm sold the security today for Rs. 85. What is the r Firm has earned? 5.3% 194.2% 94.2%
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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Transcribed Image Text:The firm of Sun and Moon purchased a share of ABC.com common stock exactly one year
ago for Rs. 45. During the past year the common stock paid an annual dividend of
Rs. 2.40. The firm sold the security today for Rs. 85. What is the rate of return
the firm has earned?
А.
5.3%
В.
194.2%
С.
94.2%
D.
None
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