Pacific Energy shares were purchased at $80 per share one year ago. The company paid dividends of $4 per share during the year, and the current stock price is $76. If an investor owns 500 shares, what was their percent return for the past year?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
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Pacific Energy shares were purchased at $80 per share one year
ago. The company paid dividends of $4 per share during the
year, and the current stock price is $76. If an investor owns 500
shares, what was their percent return for the past year?
Transcribed Image Text:Pacific Energy shares were purchased at $80 per share one year ago. The company paid dividends of $4 per share during the year, and the current stock price is $76. If an investor owns 500 shares, what was their percent return for the past year?
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