Jack purchased a share one year ago for $6.40, and it is now worth $11.62. The share paid a dividend of $1.41 during the year. What was the share's income rate of return during the year?
Total stock return = [(P1 – P0) + D]/P0
P0 = Initial stock price = $ 6.40
P1 = Ending stock price = $ 11.62
D = Dividends = $ 1.41
Total stock return = [(P1 – P0) + D]/P0
= [($ 11.62 - $ 6.40) + $ 1.41]/ $ 6.40
= ($ 5.22 + $ 1.41)/ $ 6.40
= $ 6.63/$ 6.40
= 1.0359375 or 103.59 %
Shares income rate of return during the year is 103.59 %
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