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
![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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc3d5d919-34ab-4a79-81a9-3350d66b2f0f%2Fb20f8dbf-73bc-46bf-a9e6-8a510da996dc%2Fflto60c_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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?
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