Sarah bought 150 shares of stock at $28 per share. During the year, she received $270 in dividends. She later sold the stock for $42 per share. What was Sarah's return on the stock? a) $2,250 b) $2,370 c) $2,520 d) $2,700
Sarah bought 150 shares of stock at $28 per share. During the year, she received $270 in dividends. She later sold the stock for $42 per share. What was Sarah's return on the stock? a) $2,250 b) $2,370 c) $2,520 d) $2,700
Chapter14: Property Transactions: Determination Of Gain Or Loss And Basis Considerations
Section: Chapter Questions
Problem 41P
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Transcribed Image Text:Sarah bought 150 shares of stock at $28 per share. During
the year, she received $270 in dividends. She later sold the
stock for $42 per share.
What was Sarah's return on the stock?
a) $2,250
b) $2,370
c) $2,520
d) $2,700
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