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Problem 10-3 Calculating Dollar Returns [LO 1] You purchased 340 shares of a particular stock at the beginning of the year at a price of
Problem 10-3 Calculating Dollar Returns [LO 1]
You purchased 340 shares of a particular stock at the beginning of the year at a price of $76.03. The stock paid a dividend of $1.30 per share, and the stock price at the end of the year was $82.54. Required: What was your dollar return on this investment? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
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