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%
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%
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
Problem 1PROB
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What was the return you received over the year on these financial accounting question?
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%
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