question archive Sue purchased a stock for $45 a share, held it for one year, received a $2
Sue purchased a stock for $45 a share, held it for one year, received a $2
Subject:FinancePrice:2.86 Bought8
Sue purchased a stock for $45 a share, held it for one year, received a $2.34 dividend, and sold the stock for $46.45. What nominal rate of return did she earn? %
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Nominal rate of return:
= ($46.45+$2.34-$45)/$45
= 8.42%
Hence, Nominal rate of return is 8.42%
