Question
Talal purchased 1,200 shares of BIG SPORTS stock at a price of $40 per share. Exactly one year later, he sold the shares for $43
Talal purchased 1,200 shares of BIG SPORTS stock at a price of $40 per share. Exactly one year later, he sold the shares for $43 per share. In addition, BIG SPORT paid a quarterly dividend of $0.50 per share at the end of each quarter. What is the total dollar return for the investment in BIG SPORT stock during the year?
| A. | $3,600 | |
| B. | $4,800 | |
| C. | $6,000 | |
| D. | $2,400 |
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
