If you bought a stock for $85 and sold it for $72 after a year, you also received a dividend of $15 in that year. What was the return you received over the year? A) 2.4% B) 20.8% C) 2.8% D) -15.3% E) 8.1%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 17P
icon
Related questions
Question
100%

What was the return you received over the year on these financial accounting question?

If you bought a stock for $85 and sold it for $72 after a year, you also received a
dividend of $15 in that year. What was the return you received over the year?
A) 2.4%
B) 20.8%
C) 2.8%
D) -15.3%
E) 8.1%
Transcribed Image Text:If you bought a stock for $85 and sold it for $72 after a year, you also received a dividend of $15 in that year. What was the return you received over the year? A) 2.4% B) 20.8% C) 2.8% D) -15.3% E) 8.1%
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT