Question

You purchased 100 shares of Crestwood Equity Partners (CEQP) stock on the last day of April 2020 for $10.94 per share. During the month of May you received a dividend of $0.625 per share. You sold all of your Crestwood stock on the last trading day of May for $14.21 per share. Compute your percentage return for the month that you owned the stock.

Answer 1

the percentage return is 35.60%

Step-by-step explanation:

The computation of the percentage return is shown below;

= (Last trading day on may - last day of april + dividend received) ÷ (last day of april) ×100

= ($14.21 - $10.94 + $0.625) ÷ ($10.94) × 100

= ($3.895) ÷ ($10.94) × 100

= 35.60%

Hence, the percentage return is 35.60%

The above formula should be applied