Asked by Wallet Stack on May 11, 2024
Verified
The Globe and Mail Web site noted that the shares of Compact Computers produced a 55% rate of total return in the past year. The shares paid a dividend of $0.72 per share during the year, and they currently trade at $37.50. What was the price of the shares 1 year ago?
Total Return
The overall financial gain or loss on an investment, considering both capital gains and income such as interest or dividends.
Dividend
A portion of a company's earnings that is paid to shareholders, usually on a regular basis.
- Acquire knowledge on determining the cumulative rate of return from investing.
Verified Answer
SB
Learning Objectives
- Acquire knowledge on determining the cumulative rate of return from investing.