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An investor bought 100 shares of Copier Corp. for $85 a share. The firm paid an annual dividend of $4 a share; and commissions on
An investor bought 100 shares of Copier Corp. for $85 a share. The firm paid an annual dividend of $4 a share; and commissions on the purchase and sale were $75 (each way commission = $75). The price of the stock rose to $120 in one year. What is the percentage earned on the investment if the stock is bought for cash (i.e., the investor did not use margin)?
A.) -12.25%
B.) 14.48 %
C.) 35.82 %
D.) 46.44 %
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