Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One year ago, Erik purchased 5,500 shares of Apple Inc. stock for $823,405. Today, he sold those shares for $170.64 a share. What is the

One year ago, Erik purchased 5,500 shares of Apple Inc. stock for $823,405. Today, he sold those shares for $170.64 a share. What is the total return on this investment if the dividend yield is 3 percent?

A. 3.00 percent

B. 3.98 percent

C. 13.98 percent

D. 16.98 percent

E. 20.98 percent

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

Bitcoin Cash What You Need To Know About Bch

Authors: Alexander O. M.

1st Edition

1976721229, 978-1976721229

More Books

Students also viewed these Finance questions