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?

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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Total return on the stock?

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?
Transcribed Image Text: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?
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