Kites Investments shares are currently selling for $34.75 each. You bought 250 shares one year ago at $30.50 and received dividend payments of $1.50 per share. What was your total rate of return?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter8: Basic Stock Valuation
Section: Chapter Questions
Problem 2P
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SUBJECT FINANCIAL ACCOUNTING

Kites
Investments shares
are
currently selling for $34.75 each.
You bought 250 shares one year
ago at $30.50 and received
dividend payments of $1.50 per
share.
What was your total rate of return?
Transcribed Image Text:Kites Investments shares are currently selling for $34.75 each. You bought 250 shares one year ago at $30.50 and received dividend payments of $1.50 per share. What was your total rate of return?
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