Question

You purchased 320 shares of a particular stock at the beginning of the year at a price of $75.83. The stock paid a dividend of $1.20 per share, and the stock price at the end of the year was $82.34. What was your dollar return on this investment?

Answer 1

$2,467.2

Step-by-step explanation:

320 shares of a particular stock was purchased at the beginning of the year for $75.83

The stock paid a dividend of $1.20 pet share

The stock price at the end of the year is $82.34

Therefore the dollar return on this investment can be calculated as follows

= 320(82.34-75.83+1.20)

= 320(7.71)

= $2,467.2

Hence the dollar investment is $2,467.2