Homework #5E (HPR, Annualized holding period return, Effective annual rate on investment)
Question 8 (1 point)
Tom purchased 100 shares of Dalia Co. stock at a price of $123.47 four months ago. He sold all stocks today for $125.23. During the year the stock paid dividends of $7.44 per share. What is Tom’s effective annual rate?
Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box)