Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Robin purchased a stock at a price of $18 a share. She received quarterly dividends of $0.50 per share. After one year, Robin sold the

Robin purchased a stock at a price of $18 a share. She received quarterly dividends of $0.50 per share. After one year, Robin sold the stock at a price of $19.50 a share. What is her percentage total return on this investment?

(a) 10.3%

(b) 11.1%

(c) 17.9%

(d) 19.4%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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