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Nico bought 500 shares of a stock for2400 per share on

Nico bought 500 shares of a stock for$24.00 per share on January1, 2013. He received a dividend of$2.50 per share at the end of 2013 and $4.00 per share at the end of 2014. At the end of 2015, Nico collected a dividend of$3.00 per share and sold his stock for$20.00 per share. What is Nico's realized total rate of return?

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Business Management: Nico bought 500 shares of a stock for2400 per share on

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