General Finance 100 shares of GM (General Motors) arepurchased for $209 per share. Three monthslater, the stock is sold for $260 per share. Adividend of $0.77 a share is received. What isthe total dollar return?

Step 1: Initial InvestmentTo find out how much money was used to buy the shares, you multiply the…

Answered: 100 shares of GM (General Motors) are…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 8P

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100 shares of GM (General Motors) are purchased for $209 per share. Three months later, the stock is sold for $260 per share. A dividend of $0.77 a share is received. What is the total dollar return?