You purchased 380 shares of a particular stock at the beginning of the year at a price of $77.25. The stock paid a dividend of $1.75 per share, and the stock price at the end of the year was $82.18. What was your dollar return on this investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
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You purchased 380 shares of a particular stock at the
beginning of the year at a price of $77.25. The stock paid
a dividend of $1.75 per share, and the stock price at the
end of the year was $82.18. What was your dollar return
on this investment?
Transcribed Image Text:You purchased 380 shares of a particular stock at the beginning of the year at a price of $77.25. The stock paid a dividend of $1.75 per share, and the stock price at the end of the year was $82.18. What was your dollar return on this investment?
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