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Problem 12-4 (LO12.1) Sarah and James Hernandez purchased 350 shares of Macys stock at $22 a share. One year later, they sold the stock for
Problem 12-4 (LO12.1) Sarah and James Hernandez purchased 350 shares of Macys stock at $22 a share. One year later, they sold the stock for $29.80 a share. They paid a broker a commision of $8 when they purchased the stock and a commision of $15 when they sold the stock. During the 12-month period the couple owned the stock, Macys paid dividends that totaled $0.78. Calculate the Hernandez total return for this investment.
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