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9 July, 08:50

You bought 150 shares of stock at $15.00 per share. At the end of the year, you received a dividend of $50.00 and your stock was valued at $2,500.00. What was your rate of return? Question 1 options:

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  1. 9 July, 11:29
    0
    13.33%

    Explanation:

    Data provided in the question:

    Number of shares bought = 150

    Price per share = $15.00

    Dividend received = $50.00

    Value of the stock at the end of the year = $2,500

    Now,

    Total investment = Number of shares bought * Price per share

    = 150 * $15.00

    = $2,250

    Return on stocks

    = Value of the stock at the end of the year + Dividend received - Total investment

    = $2,500 + $50 - $2,250

    = $300

    Therefore,

    Rate of return on stock = [ Return of stock : Amount invested ] * 100%

    = [ $300 : $2,250 ] * 100%

    = 13.33%
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