Four months ago, you purchased 1,200 shares of Lakeside Bank stock for $21.20 a share. You have

Question:

Four months ago, you purchased 1,200 shares of Lakeside Bank stock for $21.20 a share. You have received dividend payments equal to $.56 a share. Today, you sold all of your shares for $22.20 a share. What is your total dollar return on this investment?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...