Question
Suppose you purchased a single share of Home Depots common stock for $258.52 on January 4, 2021, the first day that the stock market was
Suppose you purchased a single share of Home Depots common stock for $258.52 on January 4, 2021, the first day that the stock market was open for trading that year. During 2021, you received $6.60 in cash dividends. At the end of the year, you sold the stock for $415.01. You earned $6.60 in dividends, and you realized a $156.49 capital gain for a total dollar return of $163.09.
Based on this information, what was the percentage that you generated from the dollar return? (You may round your final answer to the nearest hundredth.)
a. 38%
b. 61%
c. 39%
d. 63%
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