Tech Valley's stock was priced at $30 per share last year and is currently selling for $38. During the year, the company paid a dividend of $1.50. What was the total return for owning Tech Valley's stock during the year?

Tech Valley's stock was priced at $30 per share last year and is currently selling for $38. During the year, the company paid a dividend of $1.50. What was the total return for owning Tech Valley's stock during the year?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Can you please solve this financial accounting question?

Tech Valley's stock was priced at $30 per share last year and is
currently selling for $38. During the year, the company paid a
dividend of $1.50. What was the total return for owning Tech Valley's
stock during the year?

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