210k views
5 votes
Lee purchased stock with an initial share price of $32, and sold it when the share price was $50. While he owned the stock, he earned $2 in dividends. What was his total percentage return on the investment

1 Answer

7 votes

Answer: 66.7%

Step-by-step explanation:

His return on the stock is;

= (New price - Old price + dividends) / Old price

= (50 - 32 + 2) / 32

= 20/ 32

= 66.7%

User Rexess
by
8.3k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.