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Exercise 19-6 Algo Bill Anderson purchased 1,000 shares of a company's stock for $15,700 at the beginning of 2019. At the end of the year,
Exercise 19-6 Algo Bill Anderson purchased 1,000 shares of a company's stock for $15,700 at the beginning of 2019. At the end of the year, he sold all of his shares at $29.61 a share. He also earned a dividend of $0.52 per share during the year. a. What is Bill's total return on the investment? (Round your answer to 2 decimal places.) Total return % 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.) Gain
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