One year ago, you purchased 100 shares of stock in Yellow Steel for $4,400. Since purchasing you received $250.00 in dividends from this investment. Today, you sold all of your shares for $7,600. What is the total dollar amount you cleared on this investment?
One year ago, you purchased 100 shares of stock in Yellow Steel for $4,400. Since purchasing you received $250.00 in dividends from this investment. Today, you sold all of your shares for $7,600. What is the total dollar amount you cleared on this investment?
Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 2P
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Transcribed Image Text:One year ago, you purchased 100 shares of stock in Yellow Steel
for $4,400. Since purchasing you received $250.00 in dividends
from this investment. Today, you sold all of your shares for
$7,600. What is the total dollar amount you cleared on this
investment?
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