Homework Help is Here – Start Your Trial Now!
Business
Accounting
TechWorks Inc. stock was $55 per share a year ago when it was purchased. Since then, it paid a $7 per share dividend. The stock price is currently $48. If you owned 1,000 shares of TechWorks, what was your percent return for the past year?

TechWorks Inc. stock was $55 per share a year ago when it was purchased. Since then, it paid a $7 per share dividend. The stock price is currently $48. If you owned 1,000 shares of TechWorks, what was your percent return for the past year?

Financial Accounting
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 4CP
See similar textbooks
icon
Related questions
Question

explain properly all the answer for General accounting question Please given fast

TechWorks Inc. stock was $55 per share a year ago when it was purchased. Since then, it paid a $7 per share dividend. The stock price is currently $48. If you owned 1,000 shares of TechWorks, what was your percent return for the past year?
Transcribed Image Text:TechWorks Inc. stock was $55 per share a year ago when it was purchased. Since then, it paid a $7 per share dividend. The stock price is currently $48. If you owned 1,000 shares of TechWorks, what was your percent return for the past year?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Financial Accounting
Financial Accounting
Accounting
ISBN:
9781305088436
Author:
Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS