Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A stock had an initial price of $50.00 per share, paid a dividend of $2.25 per share during the year, and had an ending share

A stock had an initial price of $50.00 per share, paid a dividend of $2.25 per share during the year, and had an ending share price of $45.00. Compute the percentage total return.

Group of answer choices

-5.5%

34.5%

-13.5%

12.5%

None of these are correct.

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

Financial Markets And Institutions

Authors: Jeff Madura

8th Edition

0324568215, 978-0324568219

More Books

Students also viewed these Finance questions