Principles of Financial Accounting.
Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Chapter B, Problem 4QS
To determine

Identify the amount that will be invested by Person F to receive 9% return on the investment made.

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Milissa Rivera bought 500 shares of Purple Tech Industries for $92 per share. He paid a commission of $85 when he purchased this stock. He sold the stock 4 years later for $118 per share. When he sold it, he paid a commission of $90. While he held the stock, it paid a dividend of $3.75 per share. What was Milissa's total dollar return on this stock?
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