One year ago, you purchased 200 shares of stock in Aqua Grid Ltd. for $6,000 total. You received $400 in dividends, and today you sold all shares for $9,500. What is the total dollar 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
Chapter18: Initial Public Offerings, Investment Banking, And Capital Formation
Section: Chapter Questions
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One year ago, you purchased 200 shares of stock in Aqua
Grid Ltd. for $6,000 total.
You received $400 in dividends, and today you sold all
shares for $9,500.
What is the total dollar return?
Transcribed Image Text:One year ago, you purchased 200 shares of stock in Aqua Grid Ltd. for $6,000 total. You received $400 in dividends, and today you sold all shares for $9,500. What is the total dollar return?
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