Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sarah and James Hernandez purchased 250 shares of Macys stock at $25 a share. One year later, they sold the stock for $30.00 a share.

Sarah and James Hernandez purchased 250 shares of Macys stock at $25 a share. One year later, they sold the stock for $30.00 a share. They paid a broker a commision of $10 when they purchased the stock and a commision of $14 when they sold the stock. During the 12-month period the couple owned the stock, Macys paid dividends that totaled $1.84 a share. Calculate the Hernandez total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Renewable Energy Finance Funding The Future Of Energy

Authors: Charles W Donovan

2nd Edition

1786348594, 9781786348593

More Books

Students also viewed these Finance questions

Question

Where in the hiring process are you?

Answered: 1 week ago