You purchased 500 shares of stock six years ago at $21.25 and incurred brokerage fees of $345. You received annual dividends of 27 cents per share. You just sold the stock for $54 and incurred brokerage fees totaling $518, immediately after receiving the sixth annual dividend. Calculate your rate of return.
You purchased 500 shares of stock six years ago at $21.25 and incurred brokerage fees of $345. You received annual dividends of 27 cents per share. You just sold the stock for $54 and incurred brokerage fees totaling $518, immediately after receiving the sixth annual dividend. Calculate your rate of return.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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You purchased 500 shares of stock six years ago at $21.25 and incurred brokerage fees of $345. You received annual dividends of 27 cents per share. You just sold the stock for $54 and incurred brokerage fees totaling $518, immediately after receiving the sixth annual dividend. Calculate your rate of return.
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