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

The investor initially purchased Pacific Energy shares at $80 per share one year ago. Over the year,…

Answered: Pacific Energy shares were purchased at…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 8P

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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?