During the year the stock paid dividends of 703 per share


Tom purchased 100 shares of Dalia Co. stock at a price of $123.18 four months ago. He sold all stocks today for $124.01. During the year the stock paid dividends of $7.03 per share. What is Tom’s effective annual rate?

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Financial Management: During the year the stock paid dividends of 703 per share
Reference No:- TGS02387511

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