List five organizations where you could volunteer your services. Describe the type of work you might perform for each organizati
2 answers:
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Answer:
Annual Rate of Return = 12%
Effective Annual Rate of Return = 9.6%
Explanation:
Nominal Annual Rate of return =
Annual Dividend per share = $3 per quarter 4 = $12 per share
Current price per share = $125
Par Price per share = $100
Thus Annual Rate of return = $12/$100 = 12%
Effective Annual Rate of Return =
= = 9.6%
Final Answer
Annual Rate of Return = 12%
Effective Annual Rate of Return = 9.6%