Solved: Mary purchased 100 shares of sweet pea co stock at a price, Finance Basics

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Mary purchased 100 shares of sweet pea co stock at a price

Finance: HPR, Annualized holding period return, Effective annual rate on investment

Question

Mary purchased 100 shares of Sweet Pea Co. stock at a price of $40.31 six months ago. She sold all stocks today for $45.36. During that period the stock paid dividends of $1.25 per share. What is Mary's effective annual rate?

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Finance Basics: Mary purchased 100 shares of sweet pea co stock at a price

Reference No:- TGS02190510

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Solution Preview :

Prepared by a verified Expert

Finance Basics: Mary purchased 100 shares of sweet pea co stock at a price

Reference No:- TGS02190510

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