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 $68.12. The stock paid a dividend of

You purchased 250 shares of a particular stock at the beginning of the year at a price of $68.12. The stock paid a dividend of $.85 per share, and the stock price at the end of the year was $76.45. What was your dollar return on this investment?

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

Contemporary Financial Management

Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan

7th Edition

0538877766, 9780538877763

More Books

Students also viewed these Finance questions

Question

In Exercises, find the indefinite integral. 1 x(1-3x) dx

Answered: 1 week ago

Question

Understand the department managers key role in employee retention

Answered: 1 week ago