Ask Question
26 June, 08:51

Nicholas initially invested $2,400 in a technology company. The company recently paid annual dividends of $22 and his year-end investment value was $2,000. What was the rate of return on his investment?

+1
Answers (1)
  1. 26 June, 09:09
    0
    - 15.75%

    Explanation:

    The computation of the rate of return on his investment is shown below:

    = (Year end investment value - investment value + annual dividend) : (Investment value)

    = ($2,000 - $2,400 + $22) : ($2,400)

    = - $378 : 2,400

    = - 15.75%

    Simply we divided the difference of investment and added the annual dividend and then divided it by the investment value
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Nicholas initially invested $2,400 in a technology company. The company recently paid annual dividends of $22 and his year-end investment ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers