IBC has dividends and prices following the table above. Assuming dividends are reinvested, what was IBC’s annual return for 2019?

IBC
Date	1/1/2019	3/10/2019	6/9/2019	9/12/2019	12/31/2019
Price	50	45	55	52	54
Dividend		0.25	0.25	0.25	0.25

Instruction: Type your answer in the unit of percentage point, and round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, should type ONLY the number 1.065, neither 0.0106465, 0.0106, nor 1.065%, because I already have percentage sign at the end of the problem. Otherwise, Blackboard will treat it as a wrong answer.

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Expert Solution

Dividends are Reinvested means the dividends are used to purchase the share or fraction of the share based on the price on the dividend payment date.

jeff jeffy answered 2 years ago

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