You purchased 100 shares of stock for a share price of $16.14. You sold the stor two years later for a share price of $18.22. You also received total dividend payments of $1.54 per share. What was your total return on your investment?
You purchased 100 shares of stock for a share price of $16.14. You sold the stor two years later for a share price of $18.22. You also received total dividend payments of $1.54 per share. What was your total return on your investment?
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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Transcribed Image Text:You purchased 100 shares of stock for a share price of $16.14. You sold the stock
two years later for a share price of $18.22. You also received total dividend
payments of $1.54 per share. What was your total return on your investment?
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