Kate Purchased 500 Shares Per Stock Axb Corporation At The Beginning Of The Year
Kate purchased 500 shares per stock, AXB corporation, at the beginning of the year. She paid $43.89 a share for her stock. Her online broker charges $5.99 per transaction. At the end of the first quarter AXB paid a cash devidend of $0.35 a share, at the of the second quarter they issued a stock dividend of 0.05 shares for every share the stock holder owned. At the end of the third and fourth quarters they paid cash dividends of $0.25 a share. At the end of the year Kate decided to sell her stock and was able to receive $46.11 a share for her stock. What was Kate’s TOTAL rate of return for her investment in the AXB corporation?