Suppose you purchase a share of a company at a price of Rs. 77 a share and sold it after a month for Rs. 82 a share. You have received a dividend of Rs. 1 at the end of the month. Calculate your annual rate of return, assuming monthly compounding
A. 146%
B. 140%
C. 100%
D. 200%
Answer:A
Suppose you purchase a share of a company at a price of Rs. 77 a share and sold it after a month for Rs. 82 a share. You have received a dividend of Rs. 1 at the end of the month. Calculate your annual rate of return, assuming monthly compounding
A. 146% B. 140% C. 100% D. 200%