Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Six months ago, you purchased 1,400 shares of ABC stock for $21.33 a share. You have received dividend payments equal to $.60 a share. Today,
Six months ago, you purchased 1,400 shares of ABC stock for $21.33 a share. You have received dividend payments equal to $.60 a share. Today, you sold all of your shares for $24.47 a share. What is your total dollar return on this investment?
$840
$4,396
$7,327
$10,472
$5,236
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started