An investor bought shares at $75 per share. After one year, the share price was $82, and the company paid dividends of $1.85 per share during the year. Calculate the total percentage return. Round to 2 decimal places.
An investor bought shares at $75 per share. After one year, the share price was $82, and the company paid dividends of $1.85 per share during the year. Calculate the total percentage return. Round to 2 decimal places.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please provide correct answer General accounting
![An investor bought shares at $75 per share. After one year,
the share price was $82, and the company paid dividends
of $1.85 per share during the year. Calculate the total
percentage return. Round to 2 decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0a5d854c-3dd1-4f56-b2ba-8d90ac0924db%2Fc7b710e4-ce32-4639-a2b6-eea07c804cb3%2F2nvur1b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An investor bought shares at $75 per share. After one year,
the share price was $82, and the company paid dividends
of $1.85 per share during the year. Calculate the total
percentage return. Round to 2 decimal places.
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