(Solved): You bought a stock five years ago and paid $50 per share. You collected a $3 dividend per share each ...

You bought a stock five years ago and paid $50 per share. You collected a $3 dividend per share each year you held the stock and then you sold the stock for $54 per share. What was your annual compound rate of return? Multiple Choice 9.22% 8.98% 8.45% 7.38% 6.21%