Last year at this time, Rohan purchased 2,000 shares at $45/share in Boom Inc. In 2021, he received $4.50/share in dividends on these shares. Rohan needed the money to pay for his tuition and sold them at $52/share in December 2021. What was Rohan's investment return during the one year that he held the shares? A 21.12% B 24.98% 25.56% 22.12% 23.73%

Last year at this time, Rohan purchased 2,000 shares at $45/share in Boom Inc. In 2021, he received $4.50/share in dividends on these shares. Rohan needed the money to pay for his tuition and sold them at $52/share in December 2021. What was Rohan's investment return during the one year that he held the shares? A 21.12% B 24.98% 25.56% 22.12% 23.73%

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter5: The Cost Of Money (interest Rates)

Section: Chapter Questions

Problem 2PROB

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