Provide correct answer general Accounting question Suppose a stock had an initial price of $66 per share,paid a dividend of $1.8 per share during the year, andhad an ending share price of $80.Compute the percentage of total return.a. 23.94%b. 19.75%c. 29.70%d. 25.14%

Step 1: Define Total Stock ReturnThe stock investment provides returns in the form of dividends and…

Answered: Suppose a stock had an initial price of…

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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Suppose a stock had an initial price of $66 per share, paid a dividend of $1.8 per share during the year, and had an ending share price of $80. Compute the percentage of total return. a. 23.94% b. 19.75% c. 29.70% d. 25.14%