Nathan buys several shares of abc corp stock for 60 each at


Nathan buys several shares of ABC Corp. stock for $60 each. At the end of one year, the stock price has risen to $66. Plus he was paid a dividend of $3 per share. What is the approximate rate of return (or yield) on this investment for the year. (You can ignore any commissions or taxes.)

  • 6 percent
  • 9 percent
  • 12 percent
  • 15 percent
  • 18 percent

Solution Preview :

Prepared by a verified Expert
Finance Basics: Nathan buys several shares of abc corp stock for 60 each at
Reference No:- TGS01387122

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)