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Sarah and James Hernandez purchased 160 shares of Macys stock at $33 a share. One year later, they sold the stock for $45.00 a share.
Sarah and James Hernandez purchased 160 shares of Macys stock at $33 a share. One year later, they sold the stock for $45.00 a share. They paid a broker a commission of $10 when they purchased the stock and a commission of $14 when they sold the stock. During the 12-month period the couple owned the stock, Macys paid dividends that totaled $1.57 a share. Calculate the Hernandezes total return for this investment.
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