Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You purchased 700 shares of a stock at a price of $62.50 per share. After one year, you received total dividend of $2,240 and then
You purchased 700 shares of a stock at a price of $62.50 per share. After one year, you received total dividend of $2,240 and then sold all your shares at a price of $61.70 per share. What was the total percentage return of your investment?
Group of answer choices
1.32%
3.84%
-0.74%
4.56%
-1.28%
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