Ten years ago you invested 1000 for 10 shares of providien, Ask an Expert

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Ten years ago you invested $1,000 for 10 shares of Providien, Inc. common stock. You sold the shares recently for $2,000. While you owned the stock it paid $10.08 per share in annual dividends. What was your rate of return on Providien stock?

Total dividends per year = 10 shares ×$10.08 per share = $100.80. Rate of return = 15.00%, as shown below.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91621002

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