Anthony Reynolds purchased 450 shares of Bridgeway Energy Ltd for $78 per share. He paid a commission of $45 when he purchased this stock. He sold the stock 4 years later for $92 per share. When he sold it, he paid a commission of $65. While he held the stock, it paid a dividend of $2.50 per share. What was Anthony's total dollar return on this stock?
Anthony Reynolds purchased 450 shares of Bridgeway Energy Ltd for $78 per share. He paid a commission of $45 when he purchased this stock. He sold the stock 4 years later for $92 per share. When he sold it, he paid a commission of $65. While he held the stock, it paid a dividend of $2.50 per share. What was Anthony's total dollar return on this stock?
Chapter13: Comparative Forms Of Doing Business
Section: Chapter Questions
Problem 43P
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I am looking for the correct answer to this financial accounting question with appropriate explanations.
Transcribed Image Text:Anthony Reynolds purchased 450 shares of
Bridgeway Energy Ltd for $78 per share. He
paid a
commission of $45 when he
purchased this stock. He sold the stock 4
years later for $92 per share. When he sold
it, he paid a commission of $65. While he
held the stock, it paid a dividend of $2.50
per share.
What was Anthony's total dollar return on
this stock?
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