Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You paid $15,000 for an investment. Six months later you received a dividend of $300. Two months after that you sold the investment for $18,000.

You paid $15,000 for an investment. Six months later you received a dividend of $300. Two months after that you sold the investment for $18,000. What was your return in $?

There were no commissions.

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

Students also viewed these Finance questions