Mindy purchased 100 shares of Fly By Wire Training Academy at $75.50 per share one year ago. She has just received a dividend of $2.50 per share and the share is selling at a price of $89.25. What is Mindy's rate of return on Fly By Wire stock over the one-year holding period?
Rate of return=(End value-Beginning value+Dividends)/Beginning value
=(89.25-75.5+2.5)/75.5
which is equal to
=21.52%(Approx).
Mindy purchased 100 shares of Fly By Wire Training Academy at $75.50 per share one year...
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