Answered step by step
Verified Expert Solution
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 $65.00. Compute the percentage total return.
Group of answer choices
12.5%
-13.5%
34.5%
None of these are correct.
-5.5%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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 Started