What is the percentage return on your investment of this financial accounting question? One year ago, you purchased 20 shares of Bright Corp. stock for$85 per share. During the year, you received a dividend of $4 pershare. Today, you sold all your shares for $95 per share. What isthe percentage return on your investment? (Round to two decimalplaces.)

Step 1: Define Percentage Return on InvestmentThe percentage return on investment (ROI) measures the…

Answered: One year ago, you purchased 20 shares…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 5P

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One year ago, you purchased 20 shares of Bright Corp. stock for $85 per share. During the year, you received a dividend of $4 per share. Today, you sold all your shares for $95 per share. What is the percentage return on your investment? (Round to two decimal places.)