YOU BOUGHT A STOCK FOR $28.29 THAT PAID THE FOLLOWING DIVIDENDS: YEAR 1…

YOU BOUGHT A STOCK FOR $28.29 THAT PAID THE FOLLOWING DIVIDENDS: YEAR 1….

You bought a stock for $28.29 that paid the following dividends: Year 1 2 3 Dividend $1.00 $1.50 $1.80 After the third year, you sold the stock for $35. What was the annual rate of return?

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YOU BOUGHT A STOCK FOR $28.29 THAT PAID THE FOLLOWING DIVIDENDS: YEAR 1…

Solution:

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