Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. you bought a stock at $28 last year. after one yea

You bought a stock at $28 last year. After one year, you received a dividend...

60.1K

Verified Solution

Question

Accounting

You bought a stock at $28 last year. After one year, you received a dividend of $0.37 and then sold the stock for $34. What was your rate of return on this investment? a. 17.24% b. 22.75% c. 21.61% d. 21.43% e. 18.74%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

You’re having a discussion with a colleague who insists that intermediate filaments, IFs, provide very little...

Medical Sciences
Q

Describe the reason behind the difference between the language in APA’s and ACA’s ethics codes regarding...

Psychology
Q

12. Which structure is correctly paired with its function?a. ovary - provides milk for newbornsb....

Biology
Q

are cellular structures that serve as the site for protein synthesis OA Chloroplasts OB Ribosomes...

Biology
Q

To protect a sensitive instrument from external megnetic jerks it should be placed in a...

Physics
Q

8 Half life of a radioactive substance is 2 34 minute It is produced at...

Physics
Q

rendan deposits 150000 into a fund In 2 years 5 months and 24 days the...

Basic Math
Q

Carmelita Inc., has the following information available: Costs from Beginning...

Accounting
Q

Solve the problem using the information given in the table and the weighted-average inventory method....

Accounting
Q

O'Reilly Beverage Company reported net income of $720,000 for 2021. In addition, the company deferred...

Accounting
Q

Journalize the following transactions of Baltic Inc., which ends its accounting year on November 30...

Accounting
Q

Present entries to record the following selected transactions of Masterson Co. Purchased 600 shares of...

Accounting