Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assuming you purchased a share of stock for $78.00 one year ago, sold it today for $90.46, and during the year received a dividend payment

Assuming you purchased a share of stock for $78.00 one year ago, sold it today for $90.46, and during the year received a dividend payment of $ 4.02, calculate the following:

a. Income.

b. Capital gain (or loss).

c. Total return (1) In dollars. (2) As a percentage of the initial investment.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Principles Of Taxation For Business And Investment Planning 2018

Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan

21st Edition

978-1259713729

Students also viewed these Finance questions