An investor bought 100 shares of Omega commonstock for
Chapter , Problem 7-58(choose chapter or problem)
An investor bought 100 shares of Omega commonstock for $9000.He held the stock for 9 years. For thefirst 4 years he received annualend-of-year dividendsof $800. For the next 4 years he received annual divi-dends of $400. He received no dividend for the ninthyear. At the end of the ninth year he sold his stockfor $6000. What rate of return did he receive on hisinvestment?
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