Question

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

Answer 1

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%