You purchased 6 shares of stock eight years ago for $19.50 per share. The company...

70.2K

Verified Solution

Question

Finance

You purchased 6 shares of stock eight years ago for $19.50 per share. The company pays a $.16 quarterly dividend. If the stock is now trading at $28.00 per share:

  1. What is your total return?
  2. What is your annualized return?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students