Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Last year Muchoni bought shares of AMD Corp for $100 per share. During the year he received dividends of $3 per share. The stock is
Last year Muchoni bought shares of AMD Corp for $100 per share. During the year he received dividends of $3 per share. The stock is currently selling for $120 per share. What is the total % return that Muchoni earned over the year?
-
19.67 percent
-
22.25 percent
-
14 percent
-
23 percent
-
19.17 percent
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started