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...
icon
Related questions
Question
100%

Compute the percentage of total return on financial accounting

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%
Transcribed Image Text: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%
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning