You bought a stock in NovaTech Corp. for $92 and sold it for $78 after a year. You also received a dividend of $18 during that year. What was the return you received over the year? A) 4.3% B) 19.6% C) -6.5% D) -9.8%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 1PROB
icon
Related questions
Question

What was the return you received over the year on these financial accounting question?

You bought a stock in NovaTech Corp. for $92 and sold it for $78
after a year. You also received a dividend of $18 during that year.
What was the return you received over the year?
A) 4.3%
B) 19.6%
C) -6.5%
D) -9.8%
Transcribed Image Text:You bought a stock in NovaTech Corp. for $92 and sold it for $78 after a year. You also received a dividend of $18 during that year. What was the return you received over the year? A) 4.3% B) 19.6% C) -6.5% D) -9.8%
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
EBK CFIN
EBK CFIN
Finance
ISBN:
9781337671743
Author:
BESLEY
Publisher:
CENGAGE LEARNING - CONSIGNMENT