Essay
Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2016. He received dividends per share of $1.37 (2016), $1.55 (2017), $1.66 (2018), $1.74 (2019), $1.85 (2020). At the end of 2020, just after receiving the last dividend, he sold the stock for $84.76. What was his average annual rate of return form both dividends and capital gains? (Hint: compute the IRR, assume that all dividends were received at the end of the year.)
Correct Answer:
Verified
Josh's cash flows on a per share basis w...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q99: Investing in short-term debt, rather than long-term
Q100: Which types of risk can not be
Q101: An investment produced annual rates of return
Q102: Lower risk investments are associated with lower
Q103: Ashley purchased a stock at $54 per
Q105: The internal rate of return is the
Q106: Jeremy purchased 100 shares of FB for
Q107: Investments with lower standard deviations can be
Q108: Which of the following investments may be
Q109: Which of the following statements about the