A closed-end investment company is currently selling for $10 and you purchase 100 shares. During the year the company distributes $ 0.75 in dividends. At the end of the year, you sell the shares for $12.03. The commission on each transaction is $50. What percentage return do you earn on the investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
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Hii ticher please given correct answer general Accounting question

A closed-end investment company is
currently selling for $10 and you purchase
100 shares. During the year the company
distributes $ 0.75 in dividends. At the end
of the year, you sell the shares for
$12.03. The commission on each transaction
is $50. What percentage return do you earn
on the investment?
Transcribed Image Text:A closed-end investment company is currently selling for $10 and you purchase 100 shares. During the year the company distributes $ 0.75 in dividends. At the end of the year, you sell the shares for $12.03. The commission on each transaction is $50. What percentage return do you earn on the investment?
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