Last year Steve bought 100 shares of Dallas Corporation common stock for $53 per share. During the year he received dividends of $1.45 per share. The stock is currently selling for $50 per share. What rate of return did Steve earn over the year?© BrainMass Inc. brainmass.com June 3, 2020, 10:29 pm ad1c9bdddf
Rate of return is the gain or loss on an investment over a specified period, ...
The solution examines the rate of return for Dallas Corporation's common stock.