Sunrise Energy shares were purchased at $75 per share one year ago. The company paid dividends of $3.50 per share during the year, and the current stock price is $73.25. If an investor owns 500 shares, what was their percent return for the past year?
Sunrise Energy shares were purchased at $75 per share one year ago. The company paid dividends of $3.50 per share during the year, and the current stock price is $73.25. If an investor owns 500 shares, what was their percent return for the past year?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 8P
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i need this question answer General accounting
Transcribed Image Text:Sunrise Energy shares were purchased at $75 per share
one year ago. The company paid dividends of $3.50 per
share during the year, and the current stock price is
$73.25. If an investor owns 500 shares, what was their
percent return for the past year?
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