Neco Model Questions Vol1 2020 Commerce Question 32
Practice objective / multiple choice question 32 from the 2020 Neco Model Questions Vol1 Commerce examination.
A share is currently trading at \(2500\) Naira. Over the next year it is expected to rise by 12% in the first six months and then fall by 8% in the next six months. At the end of the year the company will pay a dividend of \(150\) Naira per share. An investor buys the share at the start of the year and sells it at the end of the year. The broker charges a commission of 2% on both the purchase and the sale, and dividend tax is 10% of the dividend received. Calculate the investor's net percentage return on the investment (to two decimal places).
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About This Question
This is Neco Model Questions Vol1 2020 Commerce Question 32. It is one of the objective questions from the 2020 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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