Multiple Choice
You bought a stock three years ago and paid $45 per share. You collected a $2 dividend per share each year you held the stock and then you sold the stock for $47 per share. What was your annual compound rate of return?
A) 8.89%
B) 8.51%
C) 5.84%
D) 4.44%
E) 2.96% 45 = 2 x PVIFA (rr%, 3) + 47 x (PVIF (rr%, 3) )
Correct Answer:
Verified
Correct Answer:
Verified
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