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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20-12-2022
Business

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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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PallaviB PallaviB · Answer 1 · 2022-12-22T11:29:07-05:00

Sue earned a nominal rate of return of 5.25%. She started with an investment of $45 per share, received a dividend of $2.34, and sold the stock for $46.45. By subtracting the initial investment of $45 from the sale price of $46.45, and adding the dividend she received of $2.34, she earned a total of $3.79.

This return is then divided by the initial investment of $45 and multiplied by 100 to calculate the nominal rate of return of 5.25%. Sue's nominal rate of return is how her investment performed over the course of the year, not taking into account the effect of inflation on the value of the money invested.

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