Anthony Jackson bought 300 shares of Blue Energy Corporation for $105 per share. He paid a commission of $60 when he purchased this stock. He sold the stock 6 years later for $130 per share. When he sold it, he paid a commission of $80. While he held the stock, it paid a dividend of $4.00 per share. What was Anthony's total dollar return on this stock?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

Can you solve this question??

Anthony Jackson bought 300 shares of Blue
Energy Corporation for $105 per share. He paid a
commission of $60 when he purchased this stock.
He sold the stock 6 years later for $130 per share.
When he sold it, he paid a commission of $80.
While he held the stock, it paid a dividend of
$4.00 per share.
What was Anthony's total dollar return on this
stock?
Transcribed Image Text:Anthony Jackson bought 300 shares of Blue Energy Corporation for $105 per share. He paid a commission of $60 when he purchased this stock. He sold the stock 6 years later for $130 per share. When he sold it, he paid a commission of $80. While he held the stock, it paid a dividend of $4.00 per share. What was Anthony's total dollar return on this stock?
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education