Last year Daniel bought 100 shares of Texas Corporation common stock for R53 per share. During the year he received dividends of R1.45 per share. The stock is currently selling for R60 per share. What rate of return did Daniel earn over the year? What is the correct answer?  A. 11.7 percent  B. 13.2 percent  C. 14.1 percent  D. 15.9 percent

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
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Last year Daniel bought 100 shares of Texas Corporation common stock for R53 per share. During the year he received dividends of R1.45 per share. The stock is currently selling for R60 per share. What rate of return did Daniel earn over the year? What is the correct answer?

 A. 11.7 percent

 B. 13.2 percent

 C. 14.1 percent

 D. 15.9 percent

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