Your client buys 10 shares of stock at time 0 for 48 per, Ask an Expert

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Your client buys 10 shares of stock at time 0 for $48 per share.

At time 1, he receives a dividend of $1 per share, and buys another 10 shares at the new price of $53 per share.

At time 2, he receives a dividend of $2 per share, and sells his entire holding of stock for $57 per share.

What was the client's money-weighted (dollar-weighted) annual return on this position?

Enter answer as a percentage, accurate to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92304157

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