Question

Two years ago, Conglomco stock ended at $73.02 per share. Last year, the stock paid a $0.34 per share dividend. Conglomco stock ended last year at $77.24. If you owned 200 shares of Conglomco stock, what were your dollar return and percent return last year?

Answer 1

Dollar return

= Closing price - Opening price + Divided

= $77.24 - $73.02 + $0.34

= $4.56

Percent return

= Dollar return x 100

Opening price

= $4.56 x 100

$73.02

= 6.24%

Step-by-step explanation:

The dollar return is calculated as closing price minus opening price plus dividend. The percent return is the ratio of dollar return to opening price multiplied by 100.