Horizon Technologies shares are currently trading at $52 per share. You purchased 150 shares one year ago at $47.50 per share and received quarterly dividend payments of $0.40 per share (for a total of $1.60 per share for the year). What was your total rate of return on this investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
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Horizon Technologies shares are currently trading at $52 per share. You
purchased 150 shares one year ago at $47.50 per share and received quarterly
dividend payments of $0.40 per share (for a total of $1.60 per share for the
year). What was your total rate of return on this investment?
Transcribed Image Text:Horizon Technologies shares are currently trading at $52 per share. You purchased 150 shares one year ago at $47.50 per share and received quarterly dividend payments of $0.40 per share (for a total of $1.60 per share for the year). What was your total rate of return on this investment?
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