Multiple Choice
Tom purchased 100 shares of EDS at $34 and sold it for $41 two years later. If EDS paid a $.15/share dividend over the eight quarters of investment, what was the annualized annual rate of return that Tom earned on the investment?
A) 2.78%
B) 22.2%
C) 24%
D) 9.8%
Correct Answer:
Verified
Correct Answer:
Verified
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