Question

four months ago, you purchased 900 shares of turicchi tours stock for $7.68 per share. last month, you received a dividend payment of $.12 per share. today, you sold the shares for $9.13 per share. what is your total dollar return on this investment?

Answer 1

Your total dollar return on this investment is $1197.

Step-by-step explanation:

To calculate the total dollar return on your investment, you need to consider the purchase price, the dividend payment, and the selling price of the shares.

Let's break it down:

1. Purchase price: 900 shares x $7.68 per share = $6912
2. Dividend payment: 900 shares x $0.12 per share = $108
3. Selling price: 900 shares x $9.13 per share = $8217

To calculate the total dollar return, subtract the purchase price from the sum of the dividend payment and the selling price:

$8217 - ($6912 + $108) = $1197

Your total dollar return on this investment is $1197.