Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased 250 shares of a particular stock at the beginning of the year at a price of $104.32. The stock pald a dividend of

image text in transcribed
You purchased 250 shares of a particular stock at the beginning of the year at a price of $104.32. The stock pald a dividend of $2.34 per share, and the stock price at the end of the year was $113.65. What was your dollar return on this Investment? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) Dollar return 585.00

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

Step: 3

blur-text-image

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

The Business Credit Handbook

Authors: Mr. Reid A. Nunn

1st Edition

1500542725, 978-1500542726

More Books

Students also viewed these Finance questions

Question

What are the determinants of cash cycle ? Explain

Answered: 1 week ago

Question

Identify five strategies to prevent workplace bullying.

Answered: 1 week ago