1. Lee purchased a stock one year ago for $24. The stock is now worth $32, and the total return to Lee for owning the stock was 0.40. What is the dollar amount of dividends that he received for owning the stock during the year? 2. London purchased a piece of real estate last year for $83,300. The real estate is now worth $101,500. If London needs to have a total return of 0.20 during the year, then what is the dollar amount of income that she needed to have to reach her objective?

2.

London purchased a piece of real estate last year for $83,300. The real estate is now worth $101,500. If London needs to have a total return of 0.20 during the year, then what is the dollar amount of income that she needed to have to reach her objective?