Answered step by step
Verified Expert Solution
Question
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
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