The Globe and Mail Report on Business noted that shares of Compact Computers produced a 55% rate of total return in the past The shares paid a dividend of $0.72 per share during the year, and they currently trade at $37.50. What was the price of the share year ago? Please type the answer with complete working

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Chapter12: Investing In Stocks And Bonds
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The Globe and Mail Report on Business noted that shares of Compact Computers produced a 55% rate of total return in the past year.
The shares paid a dividend of $0.72 per share during the year, and they currently trade at $37.50. What was the price of the shares one
year ago? Please type the answer with complete working
Transcribed Image Text:The Globe and Mail Report on Business noted that shares of Compact Computers produced a 55% rate of total return in the past year. The shares paid a dividend of $0.72 per share during the year, and they currently trade at $37.50. What was the price of the shares one year ago? Please type the answer with complete working
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