Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 months ago, you purchased 1320 shares of Consolidated Industries stock for $11.28 a share. You have received dividend payments equal to $.80 a share.

8 months ago, you purchased 1320 shares of Consolidated Industries stock for $11.28 a share. You have received dividend payments equal to $.80 a share. Today, you sold all of your shares for $16.11 a share. What is your total dollar return on this investment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Real Estate Finance and Investments

Authors: William Brueggeman, Jeffrey Fisher

14th edition

73377333, 73377339, 978-0073377339

More Books

Students also viewed these Finance questions