Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One year ago, you purchased 12 shares of XYZ stock for $94 per share. During the year, you received dividend of $3 per share. Today,

One year ago, you purchased 12 shares of XYZ stock for $94 per share. During the year, you received dividend of $3 per share. Today, you sold all your shares for $102 per share. What is the percentage return on your investment?

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

Technical Analysis Of Stock Trends

Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti

10th Edition

1439898189, 978-1439898185

More Books

Students also viewed these Finance questions