A year ago, Melissa purchased 50 shares of common stock for $20 per share. During the year, value of her stock decreased to pay $18 per share. If the stock did not pay a dividend during the year, what yield did Melissa earn on her investment?
|
A year ago, Melissa purchased 50 shares of common stock for $20 per share. During the year, value of her stock decreased to pay $18 per share. If the stock did not pay a dividend during the year, what yield did Melissa earn on her investment?
| All times are GMT -7. The time now is 04:59 AM. |