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Problem 2: Joseph Cintron purchased 1,000 shares of Waste Management, Inc. at $ 113.74 a share. Waste Management, Inc. paid $ 2.50 in dividends per
Problem 2: Joseph Cintron purchased 1,000 shares of Waste Management, Inc. at $ 113.74 a share. Waste Management, Inc. paid $ 2.50 in dividends per share. After one year, Mr. Cintrn decided to sell his shares at the market price of $ 112.94 per share. Determine Mr. Cintron's return on investment and the total amount of money he made or lost in the transaction that year. (10 points)
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