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?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 5P
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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?
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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