Kinishabought some gold coins for $1000 and sold those 4 months later for $1200.Kiaon the other hand bought 100 shares of a stock for $10 and sold those 2 years later for $12 per share after receiving $0.50 per share as dividends for the year. Calculate the dollar profit and percent return earned by each investor over their respective holding periods.
Kinishabought some gold coins for $1000 and sold those 4 months later for $1200.Kiaon the other hand bought 100 shares of a stock for $10 and sold those 2 years later for $12 per share after receiving $0.50 per share as dividends for the year. Calculate the dollar profit and percent return earned by each investor over their respective holding periods.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Kinishabought some gold coins for $1000 and sold those 4 months later for $1200.Kiaon the other hand bought 100 shares of a stock for $10 and sold those 2 years later for $12 per share after receiving $0.50 per share as dividends for the year. Calculate the dollar profit and percent return earned by each investor over their respective holding periods.
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