Summit Technologies, Inc. had shares trading at $52.75 per share when you purchased 80 shares. During the year, the company paid a dividend of $2.10 per share, and the share price at the end of the year was $50.40 per share. What is the dollar return on your investment?
Summit Technologies, Inc. had shares trading at $52.75 per share when you purchased 80 shares. During the year, the company paid a dividend of $2.10 per share, and the share price at the end of the year was $50.40 per share. What is the dollar return on your investment?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 8P
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What is the dollar
Transcribed Image Text:Summit Technologies, Inc. had shares trading at $52.75 per share when you
purchased 80 shares. During the year, the company paid a dividend of $2.10
per share, and the share price at the end of the year was $50.40 per share.
What is the dollar return on your investment?
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