Question
Lee purchased stock with an initial share price of $32, and sold it when the share price was $50. While he owned the stock, he
Lee purchased stock with an initial share price of $32, and sold it when the share price was $50. While he owned the stock, he earned $2 in dividends.
What was his total percentage return on the investment?
- 56.25%
- 40.00%
- 36.00%
- 62.50%
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
