Total return on the stock? 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?

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Answered: Sarah purchased 150 shares of stock for…

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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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?