You purchased one share of Best Buy Co., Inc for $55.14 per share. The company paid a dividend of $5.87 per share during the year and had an ending share price of $59. What is the percentage return?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
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What is the percentage return on these financial accounting question?

You purchased one share of Best Buy Co., Inc for $55.14 per share.
The company paid a dividend of $5.87 per share during the year
and had an ending share price of $59.
What is the percentage return?
Transcribed Image Text:You purchased one share of Best Buy Co., Inc for $55.14 per share. The company paid a dividend of $5.87 per share during the year and had an ending share price of $59. What is the percentage return?
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