You purchase a stock at the beginning of the year for $108. At the end of the year, the stock pays a dividend of $1.80 and you sell the stock for $117. What is your return for the year?

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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You purchase a stock at the beginning of the year
for $108. At the end of the year, the stock pays a
dividend of $1.80 and you sell the stock for $117.
What is your return for the year?
Transcribed Image Text:You purchase a stock at the beginning of the year for $108. At the end of the year, the stock pays a dividend of $1.80 and you sell the stock for $117. What is your return for the year?
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