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Tom purchased 100 shares of Dalia Co. stock at a price of $125.01 four months ago....

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Finance

Tom purchased 100 shares of Dalia Co. stock at a price of$125.01 four months ago. He sold all stocks today for $125.13.During the year the stock paid dividends of $6.32 per share. Whatis Tom’s effective annual rate?

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Solution The formula for calculating the holding period return is Sale price Dividend earned during the holding period Purchase Price Purchase Price As per    See Answer
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Tom purchased 100 shares of Dalia Co. stock at a price of$125.01 four months ago. He sold all stocks today for $125.13.During the year the stock paid dividends of $6.32 per share. Whatis Tom’s effective annual rate?

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