You purchased 1,150 shares of stock in Natural Chicken Wings, Incorporated, at a price of $43.46 per share. Since you purchased the stock, you have received dividends of $1.01 per share. Today, you sold your stock at a price of $46.71 per share. What was your total percentage return on this investment? Multiple Choice O 7.48% 8.64% 9.80% 10.46% 11.15%
You purchased 1,150 shares of stock in Natural Chicken Wings, Incorporated, at a price of $43.46 per share. Since you purchased the stock, you have received dividends of $1.01 per share. Today, you sold your stock at a price of $46.71 per share. What was your total percentage return on this investment? Multiple Choice O 7.48% 8.64% 9.80% 10.46% 11.15%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
![You purchased 1,150 shares of stock in Natural Chicken Wings, Incorporated, at a price of $43.46 per share. Since you purchased the stock, you have
received dividends of $1.01 per share. Today, you sold your stock at a price of $46.71 per share. What was your total percentage return on this
investment?
Multiple Choice
7.48%
8.64%
9.80%
10.46%
11.15%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5d8fb038-8950-47bc-91e9-50d922788bb9%2Fd415cfee-f039-41bc-b445-caa7c4ae40fc%2Fh87vzpm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You purchased 1,150 shares of stock in Natural Chicken Wings, Incorporated, at a price of $43.46 per share. Since you purchased the stock, you have
received dividends of $1.01 per share. Today, you sold your stock at a price of $46.71 per share. What was your total percentage return on this
investment?
Multiple Choice
7.48%
8.64%
9.80%
10.46%
11.15%
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