Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

One year ago, you purchased 600 share of outland co. stock for 3,600. The stock does not pay any regular dividends but it did pay

One year ago, you purchased 600 share of outland co. stock for 3,600. The stock does not pay any regular dividends but it did pay a special dividend of $0.25 share last week. This morning she sold her shares for $7.25 a share. What was the total return on this?

A. 18%

B. 20.83%

C. 22.50%

D. 25%

E. 27.33 %

Show work please

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

Financial Management For Nurse Managers Merging The Heart With The Dollar

Authors: Janne Dunham-Taylor, Joseph Z. Pinczuk

1st Edition

1284031039, 9781284031034

More Books

Students also viewed these Finance questions

Question

=+4. What might explain any differences that you identify?

Answered: 1 week ago

Question

=+2. Is there a strong collective bargaining culture in evidence?

Answered: 1 week ago