One year ago, you purchased 400 shares of Best Wings, Inc. stock at a price of $9.25 per share. The company pays an annual dividend of $0.15 per share. Today, you sold all of your shares for $14.20 per share. What is your total percentage return on this investment?
One year ago, you purchased 400 shares of Best Wings, Inc. stock at a price of $9.25 per share. The company pays an annual dividend of $0.15 per share. Today, you sold all of your shares for $14.20 per share. What is your total percentage return 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 400 shares of Best
Wings, Inc. stock at a price of $9.25 per share.
The company pays an annual dividend of $0.15
per share. Today, you sold all of your shares for
$14.20 per share. What is your total percentage
return on this investment?
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