Jack earned a 14.0 per cent return on a share that he purchased one year ago. The share is now worth $13.54, and he just received a dividend of $0.61. How much did Jack originally pay for the share? (in dollars to the nearest cent; don’t use $ sign)?
2. Jack purchased a share one year ago for $7.96, and it is now worth $15.04. The share paid a dividend of $1.60 during the year. What was the share’s income rate of return during the year? (as a percentage to the nearest two decimal points. don’t use % sign. eg 2.881% is 2.88)?
3. Jill purchased a share one year ago for $7.61, and it is now worth $14.86. The share paid a dividend of $1.20 during the year. What was the share’s rate of return from capital appreciation during the year? (as a percentage to the nearest two decimal points. don’t use % sign. eg 2.881% is 2.88)?
