4. Calculating Total Return. Marie and Bob Houmas purchased 200 shares of General Electric stock for $19

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4. Calculating Total Return. Marie and Bob Houmas purchased 200 shares of General Electric stock for $19 a share. One year later, they sold the stock for $28 a share. They paid their broker a $130 commission when they purchased the stock and a $150 commission when they sold it. During the 12 months they owned the stock, they received $175 in dividends. Calculate the total return on this investment. (Obj. 1)

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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