Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Rafael purchased 100 shares of corporate stock 7 years ago for $32 a share plus brokerage fees totaling $90. He received quarterly dividends of 40 cents per share. Nathan just sold the stock, immediately after receiving the 28th quarterly dividend, for $41.42 per share less brokerage fees totaling $125. Calculate Rafael's rate of return .
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