
Cornerstones of Financial Accounting
4th Edition
ISBN: 9781337690881
Author: Jay Rich, Jeff Jones
Publisher: Cengage Learning
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Transcribed Image Text:An investor purchases a share for £5.31 at the beginning of the year. Six months later, the investor receives a dividend of £0.03 (net of tax) and immediately
sells the share for £5.53.
Capital gains tax of 30% is paid on the difference between the sale and the purchase price.
Calculate the net annual effective rate of return the investor obtains on the investment.
数字
%
Enter a percentage correct to 2 decimal places
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