Answered step by step
Verified Expert Solution
Question
1 Approved Answer
One year ago, you purchased 800 shares of stock for $11.50 a share. The stock pays $0.40 a share in dividends each year. Today, you
One year ago, you purchased 800 shares of stock for $11.50 a share. The stock pays $0.40 a share in dividends each year. Today, you sold your shares for $22.90 a share.
What is your total dollar return on this investment?
What is your total percentage return on this investment?
%
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