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?
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%
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.
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?