Question
Durant purchased 300 shares of stock for $12.50 a share on year ago. The stock pays $0.50 a share in dividends four times each year.
Durant purchased 300 shares of stock for $12.50 a share on year ago. The stock pays $0.50 a share in dividends four times each year. Today, Durant sold his shares for $22.25 a share. What is Durants total dollar return on this investment?
A. 66.56 percent
B. $3,525.00
C. 15.56 percent
D. $2,925.00
E. 35.56 percent
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
