Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Magdalena Kaur bought 200 shares of Clorox at $32.25 and paid commission of $0.20 per share to the broker. Clorox paid a dividend of $0.45
Magdalena Kaur bought 200 shares of Clorox at $32.25 and paid commission of $0.20 per share to the broker. Clorox paid a dividend of $0.45 per share this year. If Magdalena held the Clorox stock for 4 years, receiving the same $90 dividend each year, what was the total change in the value over the 4 years? * 1 point 5.45% Gain 5.39% loss None of the answers is correct 3.46% Loss 5.08%Gain
Magdalena Kaur bought 200 shares of Clorox at $32.25 and paid commission of $0.20 per share to the broker. Clorox paid a dividend of $0.45 per share this year. If Magdalena held the Clorox stock for 4 years, receiving the same $90 dividend each year, what was the total change in the value over the 4 years? *
1 point
5.45% Gain
5.39% loss
None of the answers is correct
3.46% Loss
5.08%Gain
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