An investor purchased stock for $1000. His dividends in the first five years were: $140, $150, $170, $50, and $30. He sold the stock for $700 at the end of the fifth year. What was the rate of return on his investment?
An investor purchased stock for $1000. His dividends in the first five years were: $140, $150, $170, $50, and $30. He sold the stock for $700 at the end of the fifth year. What was the rate of return on his investment?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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An investor purchased stock for $1000. His dividends in the first five years were: $140, $150, $170, $50, and $30. He sold the stock for $700 at the end of the fifth year. What was the rate of
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