Six months ago, you bought 30 shares of PQR stock for $75 per share. You received dividends of $1.75 per share during this period. Today, you sold all shares for $82 per share. What is the percentage return on your investment?
Six months ago, you bought 30 shares of PQR stock for $75 per share. You received dividends of $1.75 per share during this period. Today, you sold all shares for $82 per share. What is the percentage return on your investment?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 17P
Question
What is the percentage return on your investment?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT