You purchased 85 shares of Granite Tech, Inc. for $52.40 per share. The company paid a dividend of $2.10 per share during the year and had an ending share price of $49.60. What is the dollar 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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What is the dollar return on your investment of this financial accounting question?

You purchased 85 shares of Granite Tech, Inc. for $52.40 per
share. The company paid a dividend of $2.10 per share during
the year and had an ending share price of $49.60.
What is the dollar return on your investment?
Transcribed Image Text:You purchased 85 shares of Granite Tech, Inc. for $52.40 per share. The company paid a dividend of $2.10 per share during the year and had an ending share price of $49.60. What is the dollar return on your investment?
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