Suppose that you bought mike inc three years ago at 2050, Financial Management

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Suppose that you bought mike inc three years ago at 2050

Suppose that you bought Mike Inc. three years ago at $20.50 per share and you can now sell it for 21.74 per share now. Also, Mike Inc. has paid an annual dividend of $0.50, $0.47, and $0.63 in years one, two, and three. Ignoring the issue of Time Value of Money, transactions costs, and taxes, what is the log return of your position in Mike Inc.?

a. 13.85%

b. 12.97%

c. 6.05%

d. 5.58%

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Financial Management: Suppose that you bought mike inc three years ago at 2050

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Financial Management: Suppose that you bought mike inc three years ago at 2050

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