What rate of return did you earn on your investment in


Please help me step by step on this problem.

The common stock of Plaxo Enterprises had a market price of $9.45 on the day you purchased it just 1 year ago. During the past year, the stock paid a dividend of $1.43 and closed at a price of $11.66. What rate of return did you earn on your investment in Plaxo's stock? The rate of return you earned on Plaxo's stock is what percent?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What rate of return did you earn on your investment in
Reference No:- TGS02667957

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)