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Sar ah and James Hermandez purchased 160 shares of Macy's stock at $20 a share. One year later, they sold the stock for $24 a
Sar ah and James Hermandez purchased 160 shares of Macy's stock at $20 a share. One year later, they sold the stock for $24 a share. They paid a broker a commission of $8 when they purchased the stock and a commission of $12 when they sold the stock. During the 12 - onth period the couple ouvned the stock. Macy's paid dividends that totaled \$1.51 a share. Calculate the Hernandezes' total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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