Four years ago, Ken Guessford purchased 200 shares of Mountain View Manufacturing. At the time, each share
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Four years ago, Ken Guessford purchased 200 shares of Mountain View Manufacturing. At the time, each share of Mountain View was selling for $30. He also paid a $24 commission when the shares were purchased. Now, four years later, he has decided it’s time to sell his investment. The Mountain View share price when sold was $32.50. In addition, he paid a $36 commission to sell his shares. He also received dividends of $1.80 per share over the four-year investment period.
a. What is the total amount of dividends Mr. Guessford received over the four-year period?
b. What was the total return for Mr. Guessford’s investment?
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Focus On Personal Finance
ISBN: 9780073382425
3rd Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
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