General Accounting question Global Tech's stock price was $38.50 per shareat the beginning of the year. The companypaid a dividend of $1.20 per share during theyear. The stock is now trading at $45.80. If youowned 150 shares of Global Tech, what wasyour percent return?

Image.Explanation.To determine the percent return on the investment in Global Tech's stock, we first…

Answered: Global Tech's stock price was $38.50…

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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Global Tech's stock price was $38.50 per share at the beginning of the year. The company paid a dividend of $1.20 per share during the year. The stock is now trading at $45.80. If you owned 150 shares of Global Tech, what was your percent return?