Josh purchased 100 shares of XOM for $76.63 per share at the beginning of 2011. He received dividends per share of $1.37 (2011), $1.55 (2012), $1.66 (2013), $1.74 (2014), $1.85 (2015)

At the end of 2015 just after receiving the last dividend, he sold the stock for $84.76. What was his average annual rate of return form both dividends and capital gains? (Hint: compute the IRR, assume that all dividends were received at the end of the year.)
A) 9.831%
B) 3.774%
C) 3.423%
D) 4.94%

Answer: D

Business

You might also like to view...

A listing agreement must contain the elements of a contract, which includes:

a. Competent parties. b. Unlawful object. c. Unspecified consideration. d. Being notarized by a notary public.

Business

Which of the following steps immediately follows the publication of the environmental impact statement (EIS) for a proposed project?

A) the Congress has to pass a bill adopting the EIS B) the nonprofit environmentalists are allowed access to the EIS C) the government issues an order to proceed with a federal action on the project D) the interested parties submit comments to the Environmental Protection Agency (EPA)

Business