The following lists the six New York Stock Exchange volume leaders on June 24. An investor buys 100 shares of GE at the Last Trade price, pays a $100 commission on the purchase, and sells the 100 shares a year later for $37.78 per share with a 2% commission on the sale. Find the total cost. = 3578 Find the total dividend. = 106 Find the commission when selling the shares. = 75.56 (a) Find the capital gain when selling the shares. $ (b) Find the total return for the year. $ (c) Find the percent of return. (Round your answer to two decimal places.) %
The following lists the six New York Stock Exchange volume leaders on June 24.
An investor buys 100 shares of GE at the Last Trade price, pays a $100 commission on the purchase, and sells the 100 shares a year later for $37.78 per share with a 2% commission on the sale.
Find the total dividend. = 106
Find the commission when selling the shares. = 75.56
(a) Find the capital gain when selling the shares.
$
(b) Find the total return for the year.
$
(c) Find the percent of return. (Round your answer to two decimal places.)
%
The given value is,
Capital gain is defined as the profits that are realized by selling an investment, such as bonds, stocks, or real estate. The total return is defined as the actual rate of return of the investment or a pool of investments over a period. The total return contains capital gains, dividends, interest, and realized distributions.
Capital gain when selling the share calculated using formula:
.
Total return of the year calculated using formula:
.
The percent of return calculated using formula:
.
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