Answered step by step
Verified Expert Solution
Link Copied!

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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Financial Management

Authors: Eugene F. Brigham, Phillip R. Daves

13th Edition

1337395080, 9781337395083

More Books

Students also viewed these Finance questions

Question

BPR always involves automation. Group of answer choices True False

Answered: 1 week ago

Question

Describe recruitment and selection for international operations.

Answered: 1 week ago