Answer? ? Financial accounting question Horizon Technologies shares are currently trading at $52 per share. Youpurchased 150 shares one year ago at $47.50 per share and received quarterlydividend payments of $0.40 per share (for a total of $1.60 per share for theyear). What was your total rate of return on this investment?

Step 1: Calculation of capital gain per shareCapital gain per share = Current price - Purchase…

Answered: Horizon Technologies shares are…

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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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?