Sue purchased a stock for 45 a share, held it for one year received a 2.34 divided and sold the stock for 46.45. what nominal rate of return did she earn?

Question

asked Oct 13, 2022 232k views

1 Answer

Ebru · Answer 1 · 2022-10-19T01:29:32+0000

Answer:

8.4

Step-by-step explanation:

nominal return - price return + dividend yield

price return = 46.45 /45 - 1 = 3.2%

dividend yield = 2.34 / 45 = 5.2%