kindly help me with accounting question Two years ago, you purchased 20 shares of ABC stock for $45 per share.During this period, you received dividends of $2.50 per share. Today, yousold all shares for $55 per share. What is the percentage return on yourinvestment?

Step 1: Definition of Percentage Return on Investment (ROI)The percentage return on investment (ROI)…

Answered: Two years ago, you purchased 20 shares…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter7: Common Stock: Characteristics, Valuation, And Issuance

Section: Chapter Questions

Problem 17P

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Two years ago, you purchased 20 shares of ABC stock for $45 per share. During this period, you received dividends of $2.50 per share. Today, you sold all shares for $55 per share. What is the percentage return on your investment?