General accounting River Corp's stock was trading at $25 per share at thebeginning of the year. By year-end, the stock price reached$30, and the company paid a dividend of $1.50 during theyear. Calculate the total return for holding River Corp'sstock during this year.

The question requires the determination of the total stock return. Total return is the total value…

Answered: River Corp's stock was trading at $25…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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River Corp's stock was trading at $25 per share at the beginning of the year. By year-end, the stock price reached $30, and the company paid a dividend of $1.50 during the year. Calculate the total return for holding River Corp's stock during this year.