ans plz One year ago, you purchased 100 shares of stock in Yellow Steelfor $4,400. Since purchasing you received $250.00 in dividendsfrom this investment. Today, you sold all of your shares for$7,600. What is the total dollar amount you cleared on thisinvestment?

1.Calculate the profit from selling the shares:Selling Price - Purchase Price = Profit from…

Answered: One year ago, you purchased 100 shares…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 2P

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One year ago, you purchased 500 shares of Summit Tech Corp. stock at a price of $10.50 per share. The company pays an annual dividend of $0.20 per share. Today, you sold all of your shares for $16.75 per share. What is your total percentage return on this investment?
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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?