Joel purchased 100 shares of stock for $35 per share. During the year, he received dividend checks amounting to $306. Joel recently sold the stock for $60 per share. What was Joel's return on the stock?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter5: The Cost Of Money (interest Rates)
Section: Chapter Questions
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Hello tutor please provide answer financial Accounting

Joel purchased 100 shares of stock for $35 per
share. During the year, he received dividend
checks amounting to $306. Joel recently sold the
stock for $60 per share. What was Joel's return
on the stock?
Transcribed Image Text:Joel purchased 100 shares of stock for $35 per share. During the year, he received dividend checks amounting to $306. Joel recently sold the stock for $60 per share. What was Joel's return on the stock?
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