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Tammy Jackson purchased 138 shares of All-American Manufacturing Company stock at $34.20 a share. One year later, she sold the stock for $40 a share.
Tammy Jackson purchased 138 shares of All-American Manufacturing Company stock at $34.20 a share. One year later, she sold the stock for $40 a share. She paid her broker a $31 commission when she purchased the stock and a $51 commission when she sold it. During the 12 months she owned the stock, she received $238 in dividends. Calculate Tammys total return on this investment. (Round intermediate calculations and final answer to 2 decimal places.)
Total return | $ |
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