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An investor purchased 6 800 shares for $17.62 per share in 2018. He sold 1 800 shares for $19,40 shortly before dividends of $ 0.60
An investor purchased 6 800 shares for $17.62 per share in 2018. He sold 1 800 shares for $19,40 shortly before dividends of $ 0.60 per share were declared. A year later, in 2019, his total wealth was $122 920, including shares and cash from the share sale.
A) Calculate the share price in 2019. Round off the calculated share price to the nearest cent.
B) Calculate the percentage return the shareholder has achieved between 2018 and 2019.
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