n investor bought 80 shares of stock at a cost of $11 per share. He held the stock for 14 years and then sold it for a total of $4,400. For the first two years, he recen six years, he received total dividends of $00 per year. For the remaining period, he received total dividends of $120 per year. What rate of retum did he make on the The rate of return made on the investment is sound to two decimal places)
n investor bought 80 shares of stock at a cost of $11 per share. He held the stock for 14 years and then sold it for a total of $4,400. For the first two years, he recen six years, he received total dividends of $00 per year. For the remaining period, he received total dividends of $120 per year. What rate of retum did he make on the The rate of return made on the investment is sound to two decimal places)
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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