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?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 17P
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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?
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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