HPR effective annual rate

Business & Finance
Tutor: None Selected Time limit: 1 Day

Mary purchased 100 shares of Sweet Pea Co. stock at a price of $41.15 six months ago. She sold all stocks today for $47.62. During that period the stock paid dividends of $1.71 per share. What is Mary’s effective annual rate?

Oct 3rd, 2015

Thank you for the opportunity to help you with your question!

the rate is 

(1.71+47.62-41.15)/41.15 *2 =  39.76% 

Please let me know if you need any clarification. I'm always happy to answer your questions.
Sep 19th, 2015

Hi, the answer you came up with is wrong unless my professor is wrong. She came up with 43.71%. I am trying to find out how she got this answer. 

Sep 19th, 2015

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Oct 3rd, 2015
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