Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a stock had an initial price of $70 per share, paid a dividend of $1.10 per share during the year, and had an ending

If a stock had an initial price of $70 per share, paid a dividend of $1.10 per share during the year, and had an ending share price of $85.

Compute the percentage total return.

Initial price $70

Dividend paid $1.10

Ending share price $85

a 23.00%

b 223.00%

c 19.86%

d 219.86%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds

6th Edition

78110890, 978-0078110894

More Books

Students also viewed these Accounting questions

Question

2. Find five metaphors for communication.

Answered: 1 week ago