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2 votes
Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a

dividend of $0.63 today and then you sold it for $65. What was your return on the investment?
A) 6.57%
B) 7.51%
C) 9.38%
D) 10.32%

User Makevoid
by
8.7k points

1 Answer

2 votes

Answer:

Return on investment will be 9.38 %

So option (c) will be correct option

Step-by-step explanation:

We have given purchase price = $60

Dividend received = $0.63

Selling price = $65

We have to find the return on investment

We know that return on investment is given by

Return in investment
=(selling\ price-purchase\ price+dividend\ received])/(purchase\ price)=(65-60+0.63)/(60)=0.0938=9.383 %

So return on investment will be 9.38 %

So option (c) is the correct option

User Anurag Pareek
by
8.3k points
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