Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started