Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return Julio received for owning the stock was 18.5%. What is the dollar amount of dividends that he received for owning the stock during the year? Round your final answer to nearest whole dollar.

Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return Julio received for owning the stock was 18.5%. What is the dollar amount of dividends that he received for owning the stock during the year? Round your final answer to nearest whole dollar.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return Julio received for owning the stock was 18.5 %. What is the dollar amount of
dividends that he received for owning the stock during the year? Round your final answer to nearest whole dollar.

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