What was your percent return for this financial accounting question? At the end of last year, Skyline Biotech stock was $45.25 per share.Since then, it paid a $1.50 per share dividend. The stock price iscurrently $58.75.If you owned 400 shares of Skyline Biotech, what was your percentreturn?

Step 1: Definition of Percent ReturnPercent return is a measure of the total gain or loss on an…

Answered: At the end of last year, Skyline…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

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At the end of last year, Skyline Biotech stock was $45.25 per share. Since then, it paid a $1.50 per share dividend. The stock price is currently $58.75. If you owned 400 shares of Skyline Biotech, what was your percent return?