Solved

Scott Purchased 200 Shares of Frozen Foods Stock for $48

Question 31

Multiple Choice

Scott purchased 200 shares of Frozen Foods stock for $48 a share. Four months later, he received a dividend of $0.22 a share and also sold the shares for $42 each. What was his annualized rate of return on this investment?


A) -44.69 percent
B) -40.14 percent
C) -33.00 percent
D) -32.90 percent
E) -28.07 percent

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions