An investor purchased 100 shares ofomega common stock for


An investor purchased 100 shares ofOmega common stock for 10,000. He held the stock for nine years.For the first four years he received annual end-of-year dividendsof $1,000. For the next four years he received annual dividends of$400. He received no dividend for the ninth year. At the end of theninth year he sold his stock for $11,000. What interest rate did hereceive on his investment?

Request for Solution File

Ask an Expert for Answer!!
Civil Engineering: An investor purchased 100 shares ofomega common stock for
Reference No:- TGS0809142

Expected delivery within 24 Hours