Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investor purchased 1 0 0 shares of Suncor at $ 3 4 . 5 0 and later sold his investment at $ 3 2

An investor purchased 100 shares of Suncor at $34.50 and later sold his investment at $32.60. If he received $0.90 in dividends, what was his total dollar return?
Hint:
Include dividend as part of the total dollar return; that is,(end value minus beginning value plus dividend)\times number of shares.
a.$190
b.-$190
c.-$100
d.$100

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

Essentials Of Financial Management Text And Cases

Authors: George C Philippatos

1st Edition

0816267162, 978-0816267163

More Books

Students also viewed these Finance questions