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Rus_ich [418]
2 years ago
15

. Suppose you bought 100 shares of stock at an initial price of $37 per share. The stock paid a dividend of $0.28 per share duri

ng the following year, and the share price at the end of the year was $41. (1) What is your total dollar return on this investment
Business
1 answer:
PilotLPTM [1.2K]2 years ago
4 0

Answer: $428

Explanation:

From the question, we are informed that one bought 100 shares of stock at an initial price of $37 per share and that the stock paid a dividend of $0.28 per share during the following year, and the share price at the end of the year was $41.

The total dollar return on this investment will be calculated as:

= 100(41 - 37 + 0.28)

= $428

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                  Comparative Income Statement

       For the Years Ended December 31, 2012 and 2011

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Income taxes           ($1,413,000)    ($1,500,000)        ($87,000)   -5.8%

Net income                $1,153,950      $1,225,000        ($71,050)   -5.8%

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