Answered: Henry purchased a stock for $45 a…

Henry purchased a stock for $45 a share, held it for one year, received a $2.34 dividend, and sold the stock for $46.45. What nominal rate of return did she earn?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter7: Stocks (equity) - Characterstics And Valuation

Section: Chapter Questions

Problem 2PROB

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Henry purchased a stock for $45 a share, held it for one year, received a $2.34 dividend, and sold the stock for $46.45. What
nominal rate of return did she earn?
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