Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You purchased 500 shares of fund SPDR S&P Dividend ETF for $92.01 per share in 2018. You elected the dividend reinvestment plan and had all
You purchased 500 shares of fund SPDR S&P Dividend ETF for $92.01 per share in 2018. You elected the dividend reinvestment plan and had all dividend and capital gains distributions reinvested in additional shares. You just closed your account and sold 576 shares for $83.14 per share in 2020. What was your total return on this investment?
A | 4.71% | |
B | 4.10% | |
C | -10.67% | |
D | -5.71% |
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