Six months ago, you purchased 1,100 shares of ABC stock for $21.20 a share and have received total dividend payments of $.60 a share. Today, you sold all your shares for $22.20 a share. What is your total dollar return on this investment?

Six months ago, you purchased 1,100 shares of ABC stock for $21.20 a share and have received total dividend payments of $.60 a share. Today, you sold all your shares for $22.20 a share. What is your total dollar return on this investment?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Six months ago, you purchased 1,100 shares of ABC stock for $21.20 a share and have
received total dividend payments of $.60 a share. Today, you sold all your shares for $22.20 a
share. What is your total dollar return on this investment?

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