Question

You purchased a stock at a price of $53.36. The stock paid a dividend of $1.87 per share and the stock price at the end of the year was $59.46. What was the total return for the year

Answer 1

Total return = 14.94%

Step-by-step explanation:

Options are "14.17% , 13.40% , 14.94%, 11.43%, 3.50%"

End price = $59.46

Beginning price = $53.36

Dividend = $1.87

Total return = (End price - Beginning price + Dividends) / Beginning price

Total return = ($59.46 - $53.36 + $1.87) / $53.36

Total return = $7.97 / $53.36

Total return = 0.1493628185907046

Total return = 14.94%