i need correct option Mark purchased 200 shares of stock for $40 per share.During the year, he received $500 in dividends. He recentlysold the stock for $55 per share.What was Mark's return on the stock?a) $3,500b) $4,000c) $3,900d) $4,500

Let's calculate Mark's total return on the stock.Given data:Purchase price per share = $40Number of…

Answered: Mark purchased 200 shares of stock for…

EBK CFIN

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ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter5: The Cost Of Money (interest Rates)

Section: Chapter Questions

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Mark purchased 200 shares of stock for $40 per share. During the year, he received $500 in dividends. He recently sold the stock for $55 per share. What was Mark's return on the stock? a) $3,500 b) $4,000 c) $3,900 d) $4,500