General accounting Sarah purchased 150 shares ofstock for $40 per share. Over thecourse of the year, she receiveddividend payments totaling $450.Sarah recently sold the stock for$75 per share.What was Sarah s total return on-the stock?

Total return on a stock is the overall gain or loss an investor earns from an investment, including…

Answered: Sarah purchased 150 shares of stock for…

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter4: Income Exclusions

Section: Chapter Questions

Problem 55P

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Sarah purchased 150 shares of stock for $40 per share. Over the course of the year, she received dividend payments totaling $450. Sarah recently sold the stock for $75 per share. What was Sarah s total return on - the stock?