Suppose a stock had an initial price of $104 per share, paid a dividend of $2.65 per share during the year, and had an ending share price of $116. Compute the percentage of total return. Round the final answer to 2 decimal places.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 10BE
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I need this question financial accounting

Suppose a stock had an initial price of $104 per
share, paid a dividend of $2.65 per share during the
year, and had an ending share price of $116. Compute
the percentage of total return. Round the final
answer to 2 decimal places.
Transcribed Image Text:Suppose a stock had an initial price of $104 per share, paid a dividend of $2.65 per share during the year, and had an ending share price of $116. Compute the percentage of total return. Round the final answer to 2 decimal places.
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