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Alice purchases 500 shares of common stock from GEO Corporation for $34.80 per share. She keeps...

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Finance

Alice purchases 500 shares of common stock from GEO Corporationfor $34.80 per share. She keeps the stock for two years, and thensells all 500 shares for $42.50 per share. She earned dividends of$1.50 per share during last year. Please let me know the Rate ofReturn for her investment, then the Average Annual Rate ofReturn.

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Alice purchases 500 shares of common stock from GEO Corporationfor $34.80 per share. She keeps the stock for two years, and thensells all 500 shares for $42.50 per share. She earned dividends of$1.50 per share during last year. Please let me know the Rate ofReturn for her investment, then the Average Annual Rate ofReturn.

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