Answered step by step
Verified Expert Solution
Question
1 Approved Answer
SUV stock declares a $0.59/share dividend on July 27, payable on September 5 to holders of record August 17. If you buy 800 shares of
SUV stock declares a $0.59/share dividend on July 27, payable on September 5 to holders of record August 17. If you buy 800 shares of SUV on August 4 at $57.34/share and sell it on August 17 at $53.97/share, you will earn
-
total dividends of $ (correct)
$472.00 -
and total returns of (correct)
-4.848 %
Can you explain how to get the total returns of -4.848%?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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