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Arnell Johnson bought 250 shares of Black Petroleum Company for $95 per share. He paid a commission of $55 when he purchased this stock. He sold the stock 5 years later for $115 per share. When he sold it he paid a commission of $70. While he held the stock, paid a dividend of $3.50 per share. What was Arnell's total dollar return on this stock? a. $5,820 b. $5,000 C. $5,015 d. $5,750 e. $5,875

Arnell Johnson bought 250 shares of Black Petroleum Company for $95 per share. He paid a commission of $55 when he purchased this stock. He sold the stock 5 years later for $115 per share. When he sold it he paid a commission of $70. While he held the stock, paid a dividend of $3.50 per share. What was Arnell's total dollar return on this stock? a. $5,820 b. $5,000 C. $5,015 d. $5,750 e. $5,875

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Arnell Johnson bought 250 shares of Black Petroleum Company for $95 per share. He paid a commission of $55 when he purchased this stock. He sold the stock 5 years later for $115 per share. When he sold it he paid a commission of $70. While he held the stock, paid a dividend of $3.50 per share. What was Arnell's total dollar return on this stock? a. $5,820 b. $5,000 C. $5,015 d. $5,750 e. $5,875
Transcribed Image Text:Arnell Johnson bought 250 shares of Black Petroleum Company for $95 per share. He paid a commission of $55 when he purchased this stock. He sold the stock 5 years later for $115 per share. When he sold it he paid a commission of $70. While he held the stock, paid a dividend of $3.50 per share. What was Arnell's total dollar return on this stock? a. $5,820 b. $5,000 C. $5,015 d. $5,750 e. $5,875
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