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You bought 600 shares of stock at 24.20 each. At the end of year you received a total of $720 in dividends and your stock was worth a total of $15,678. What was your total dollar capital gain and total dollar return.

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1 vote

Answer:

Total dollar capital gain= 1,158

Total dollar return= $1,878

Step-by-step explanation:

600 shares is bought at $24.20 each

At the end of the year $720 is received as dividend

The stock is worth a total of $15,678

The total dollar capital gain can be calculated as follows

=$15,678-600×24.20

= 15,678-14,520

= 1,158

The total dollar return can be calculated as follows

=720+15,678-600×24.20

= 16,398-14,520

= $1,878

Hence the total dollar capital gain is 1158 and the total dollar return is $1,878

User Deng  Zhebin
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