Question

investment return hillcom corporation stock was $75.30 per share at the end of last year. since then, it paid a $2.80 per share dividend last year. the stock price is currently $78.30. if you owned 200 shares of hillcom, what was your percent return? multiple choice 7.41 percent 7.70 percent 3.72 percent 3.58 percent

Answer 1

Okay, let's break this down step-by-step:

* The initial stock price was $75.30 per share

* The stock paid a dividend of $2.80 per share

* The current stock price is $78.30

* We owned 200 shares

* So the total initial investment was 200 * $75.30 = $15,060

* The total dividend received was 200 * $2.80 = $560

* The current value of the stock is 200 * $78.30 = $15,660

* So total return is $15,660 - $15,060 + $560 = $1,160

* Percent return is ($1,160 / $15,060) * 100% = 7.70%

So the answer is: 7.70 percent