Question

You purchased 270 shares of a particular stock at the beginning of the year at a price of $75.33. The stock paid a dividend of $.95 per share, and the stock price at the end of the year was $81.84. What was your dollar return on this investment

Answer 1

dollar return on investment : 2014.2

Step-by-step explanation:

purchase 270 shares at $75.33

dividends 0.95 per share

price at year-end $81.84

gin on investment: dividends + stock market price increase/decrease

81.84 - 75.33 = 6.51 increase

dividends per share 0.95

gain per share 7.46

gain per share x number of shares = gain on investement (dollars)

7.46 x 270 = 2014.2