Answered step by step
Verified Expert Solution
Question
1 Approved Answer
One year ago, you purchased 250 shares of stock for $12.50 a share. The stock pays $0.50 a share in dividends four times each year.
One year ago, you purchased 250 shares of stock for $12.50 a share. The stock pays $0.50 a share in dividends four times each year. Today, you sold your shares for $22.25 a share. What is your total dollar return on this investment?
A. $6,062.50
B. $1,937.50 C. $2,937.50 D. $2,562.50 E. 35.56 percent
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