Question
Q2. Assume you purchased a share of stock in Verizon communications at the beginning of 2021 for $5 (= 5 and =6). A year later
Q2. Assume you purchased a share of stock in Verizon communications at the beginning of 2021 for $5 (= 5 and =6). A year later the stock was worth $32.44, but during 2021 it paid a dividend of $+ 4 . Calculate the following:
a. The current income received is $________. (Round to the nearest cent.)
b. The capital gain (or loss) is $________. (Enter a loss as a negative number and round to the nearest cent.)
c. (1) The total return in dollars is $________. (Round to the nearest cent.) (2) The total return as a percentage of the initial investment is __________% (Enter as a percentage and round to two decimal places.)
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