Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Last year, you bought a share of stock for $68. Today, you decided to sell it, since it went in price to $86 a share.

image text in transcribed
Last year, you bought a share of stock for $68. Today, you decided to sell it, since it went in price to $86 a share. Also, over the year, the company paid you a $3 dividend. Stock Investing What was your total percentage return over the year? DUMMIES Let's break the solution to this problem into pieces... . There are two components of total percentage return when you buy stock shares: the first one is related to the received dividend and it is called The second component is called Calculating each of these two components gives % and %, respectively. Therefore, your total percentage return over the year was %. Do NOT use "%" in your answers. Round your final answer to TWO decimal places: for example, if your return is 10,23%, put 10.23 and not 0.10

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

More Books

Students also viewed these Finance questions