Suppose a stock had an initial price of $52 per share, paid a dividend of $1.70 per share during the year, and had an ending share price of $64. Compute the percentage of total return. A) 26.35% B) 21.41% C) 32.31%

Suppose a stock had an initial price of $52 per share, paid a dividend of $1.70 per share during the year, and had an ending share price of $64. Compute the percentage of total return. A) 26.35% B) 21.41% C) 32.31%

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...

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Question

Suppose a stock had an intial price of $52 share, please solve this financial accounting question

Suppose a stock had an initial price of $52 per
share, paid a dividend of $1.70 per share during the
year, and had an ending share price of $64.
Compute the percentage of total return.
A) 26.35%
B) 21.41%
C) 32.31%

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