You purchased a share of ASX Limited at a price of $75.75 one year ago today. If you sell the share today for $89.00 and did not collect a dividend what is your rate of return?
You purchased a share of ASX Limited at a price of $75.75 one year ago today. If you sell the share today for $89.00 and did not collect a dividend what is your rate of return?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:You purchased a share of ASX Limited at a price of $75.75 one year ago today. If you sell the share today for $89.00 and did not
collect a dividend what is your rate of return?
a. 12.50%
b. 35.00%
c. 17.49%
d. 25.00%
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