FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Suppose you invested $55 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a dividend of $0.69 today and then you sold

Suppose you invested

$55

in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a dividend of

$0.69

today and then you sold it for

$70.

What was your return on the investment?

A.

28.53%

B.

31.38%

C.

22.82%

D.

19.97%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

The accompanying graphical display appeared in USA Today (October 22, 2009). It summarizes survey responses to a question about whether visiting social networking sites is allowed at work. Which of...

Answered: 1 week ago

Question

★★★★★
The Trust Department of First National Bank offers two types of service, Basic and Premier. Trust customers with basic service do not grant trust officers any discretion in managing their accounts....

Answered: 1 week ago

Question

★★★★★
Computer Science - What is hashing in data structures?

Answered: 1 week ago

Question

★★★★★
Pro forma income statement The marketing department of Metroline Manufacturing estimates that its sales in 2016 will be $1.59 million. Interest expense is expected to remain unchanged at $36,000, and...

Answered: 1 week ago

Question

★★★★★
Find the average value and estimate the uncertainty of these three measurements of length: 3.4 cm, 3.0 cm, and 3.5 cm. The average value is ____ and the uncertainty is ____. Question 13 options: A)...

Answered: 1 week ago

Question

★★★★★
A shipment of cereal boxes is delivered to a supermarket in Florida. The manager is told that the weights of the cereal boxes are normally distributed, with a mean of 165g and a standard deviation of...

Answered: 1 week ago

Question

★★★★★
A 4 kg block is sliding at a constant velocity of 1.5 m/s on a table, due to the pull of a hanging 0.5 kg mass as shown to the right. What is the consistent force of friction (Ff) acting between the...

Answered: 1 week ago

Question

★★★★★
. A manufacturer plans to introduce a new type of shirt based on the following information. The selling price is $35.00; variable cost per unit is $15.00; fixed costs are $8200.00; and capacity per...

Answered: 1 week ago

Question

★★★★★
45. Smelly Perfume Company manufactures and distributes several different products. The company currently uses a plantwide allocation method for allocating overhead at a rate of $7 per direct labor...

Answered: 1 week ago

Previous Question Next Question