Suppose you bought 200 shares of stock at an initial price of $57 per share. The stock paid a dividend of $0.36 per share during the following year, and the share price at the end of the year was $61. Compute your total dollar return on this investment.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Compute total dollar return on this investment for these financial accounting question

Suppose you bought 200 shares of stock at an initial price
of $57 per share. The stock paid a dividend of $0.36 per
share during the following year, and the share price at the
end of the year was $61. Compute your total dollar return
on this investment.
Transcribed Image Text:Suppose you bought 200 shares of stock at an initial price of $57 per share. The stock paid a dividend of $0.36 per share during the following year, and the share price at the end of the year was $61. Compute your total dollar return on this investment.
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