11Pixa stock is traded at RM6.72 each and the company had just paid a dividend of RM0.71, which has been constant 7% year on year.Calculate the rate of return.Ti%

The rate of return on the stock represents the percentage measure of the earnings on the stock.

Answered: Pixa stock is traded at RM6.72 each and…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Pixa stock is traded at RM6.72 each and the company had just paid a dividend of RM0.71, which has been constant 7% year on year. Calculate the rate of return. %