General Accounting Question please answer do fast Excelsior shares are currently selling for $29 each. Youbought 200 shares one year ago at $26 and receiveddividend payments of $1.25 per share. What was yourtotal rate of return?

Step 1: Calculate the Capital Gains Step 2: Calculate the Total Dividends Step 3: Calculate the…

Answered: Excelsior shares are currently selling…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 8P

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Excelsior shares are currently selling for $29 each. You bought 200 shares one year ago at $26 and received dividend payments of $1.25 per share. What was your total rate of return?