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Sarah and James Hernandez purchased 3 3 0 shares of Macy's stock at $ 1 6 a share. One year later, they sold the stock
Sarah and James Hernandez purchased shares of Macy's stock at $ a share. One year later, they sold the stock for $ a share. They paid a broker a commission of $ when they purchased the stock and a commission of $ when they sold the stock. During the month period the couple owned the stock, Macy's paid dividends that totaled $ a share. Calculate the Hernandezes' total return for this investment. Do not round intermediate calculations. Round your answer to decimal places.
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