Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 1 pts Time Rartrint 1 Hour, 3Mi Roy purchased 3,400 shares of Ernst stock at $57.32 a share one year ago. The stock

image text in transcribed
Question 2 1 pts Time Rartrint 1 Hour, 3Mi Roy purchased 3,400 shares of Ernst stock at $57.32 a share one year ago. The stock pays annuat dividends of $0.60 a share. Today, he sold all of his shares for 582.50 a share. What is his total retum on this investment? 4.935 44.98 3125% 33.33\%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions