Financial Accounting Question Books Brothers' stock was priced at $15 per share two years ago. Thestock sold for $15 last year and now, it sells for $20. A $2 dividend wasalso paid over the last year. What was the total return for owning BooksBrothers' stock during the most recent year?

Step 1: Define Importance of DividendDividends can offer investors recurring income. A dividend also…

Answered: Books Brothers' stock was priced at $15…

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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Books Brothers' stock was priced at $15 per share two years ago. The stock sold for $15 last year and now, it sells for $20. A $2 dividend was also paid over the last year. What was the total return for owning Books Brothers' stock during the most recent year?