Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You purchased 250 shares of common stock for $30 per share. After 30 days, the stock paid a dividend of $5 per share and you

You purchased 250 shares of common stock for $30 per share. After 30 days, the stock paid a dividend of $5 per share and you decided to sell all of the stock for $28 per share. What was your return on this investment?

a. -6.67%

b. 0.0%

c. 10.0%

d. 16.67%

e. 23.33%

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

Finance Applications And Theory

Authors: Marcia Cornett, Troy Adair, John Nofsinger

5th Edition

1260013987, 9781260013986

More Books

Students also viewed these Finance questions

Question

2. What is the evidence that taste is not sufficient for satiety?

Answered: 1 week ago

Question

Working with athletes who dope

Answered: 1 week ago