You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700. What annual rate of return did you earn of your investment?
You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700. What annual rate of return did you earn of your investment?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![6. You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends
and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700.
What annual rate of return did you earn of your investment?
6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F93ca6f3d-fbc3-4d42-8f53-d439d199b907%2F0fa3169e-fbce-43b4-b0e3-e87efd72006f%2Fj04ii35_processed.png&w=3840&q=75)
Transcribed Image Text:6. You bought 100 shares of stock at $25 each. At the end of year 1 you received $300 in dividends
and at the end of year 2, you received in $200 in dividends and your stock was worth $2,700.
What annual rate of return did you earn of your investment?
6
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