What rate of return did mike earn over the year
Problem:
Last year Mike bought 100 shares of a common stock at $53 a share. During the year he received dividends of $1.45 a share. The stock is currently selling for $60 per share. What rate of return did Mike earn over the year.
Now Priced at $20 (50% Discount)
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The stock is currently selling for $60 per share. What rate of return did Mike earn over the year.
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