Question
3 months ago you purchased 100 shares of stock MMM for a price of $41.48 per share. Yesterday, the stock paid a dividend of
3 months ago you purchased 100 shares of stock MMM for a price of $41.48 per share. Yesterday, the stock paid a dividend of $0.27 per share. The stock paid no other dividends between when you bought it and today. Today, you sold your shares for $38.22. What percentage return did you earn on your investment in the stock?
Step by Step Solution
3.32 Rating (161 Votes )
There are 3 Steps involved in it
Step: 1
To calculate the percentage return on your investment in the stock you need to consider th...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
Students also viewed these Finance questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App