Question

You purchased 290 shares of a particular stock at the beginning of the year at a price of $75.53. The stock paid a dividend of $1.05 per share, and the stock price at the end of the year was $82.04. What was your dollar return on this investment

Answer 1

$2,132.40

Step-by-step explanation:

Dollar return also known as Return on Investment (ROI) is the return realized on a investment over a period of time

The Formula is = (End value-Beginning value+Dividend) * Unit Purchased

Dollar return= (82.04 - 75.53 + 1.05) *290

Dollar return = 7.56 * 290

Dollar return = $2,132.40