Question

ix months ago, you purchased 2,900 shares of ABC stock for $32.58 a share. You have received dividend payments equal to $.70 a share. Today, you sold all of your shares for $35.26 a share. What is your total dollar return on this i

Answer 1

$9802

Step-by-step explanation:

The total return is the sum of the dividend value and the increase in share value:

return per share = $0.70 +($35.26 -32.58) = $3.38

Then the return on 2900 shares is . . .

2900 × $3.38 = $9802