Calculating rate of return
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Last year Mike bought 100 shares of a common stock at $53 a share. During the year he received dividends of $1.45 a share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year.
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Solution Summary
The solution describes the steps to calculate rate of return on 100 shares of a common stock.
Education
- BEng (Hons) , Birla Institute of Technology and Science, India
- MSc (Hons) , Birla Institute of Technology and Science, India
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