Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You bought a stock one year ago at a price of $22.85. Today you just received a dividend of $0.35 and sold the stock for
You bought a stock one year ago at a price of $22.85. Today you just received a dividend of $0.35 and sold the stock for $18.75. What return did you earn on the stock over the year?
-
A. -19.47%
-
B. 23.73%
-
C. -17.94%
-
D. -16.41%
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