Neco Model Questions Vol1 2024 Commerce Question 40
Practice objective / multiple choice question 40 from the 2024 Neco Model Questions Vol1 Commerce examination.
An investor buys \(200\) shares of Company X at a market price of ₦(1,200) per share. The shares pay an annual dividend of ₦(90) per share. The investor incurs a brokerage fee of (0.5\%\) of the transaction value when buying, and a securities tax of (0.2\%\) on dividends received each year. The investor requires a net rate of return of \(12\%\) after all costs. What annual percentage increase in the share price (capital gain) must the investor expect to achieve the required net return?
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This is Neco Model Questions Vol1 2024 Commerce Question 40. It is one of the objective questions from the 2024 Neco Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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