Bill Anderson purchased 1,000 shares of Microsoft Corporation stock for $24,900 at the beginning of 2009. At

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Bill Anderson purchased 1,000 shares of Microsoft Corporation stock for $24,900 at the beginning of 2009. At the end of the year, he sold all of his Microsoft shares at $32.24 a share. He also earned a dividend of $0.43 per share during the year. a. What is Bill's total return on the investment? (Round your answer to 2 decimal places.) b. What is the dollar gain from the investment? (Round your intermediate calculations to 4 decimal places. Round your answer to the nearest dollar amount.)

Posted Date: Jun 21, 2024 03:01 AM

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Bill Anderson purchased 1,000 shares of Microsoft Corporation stock for $24,900 at the beginning of 2009. At

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