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s344n2d4d5 [400]
4 years ago
6

Hannah purchased 65 shares of Best Buy stock at $36 per share. After 3 years, Hannah sold the stock for $43 per share. During th

e time she held the stock, Hannah received the dividends totaling $4.00 per share. What is Hannah’s total return?
Business
1 answer:
Pavlova-9 [17]4 years ago
6 0

Answer:

$715

Explanation:

Data provided in the question:

Number of shares purchased by Hannah = 65

Buying price of the shares = $36 per share

Selling cost of the share = $43 per share

Total Dividends received = $4.00 per share

Now,

Capital return per share = Selling cost - Buying cost

= $43 - $36

= $7 per share

Therefore,

Total return per share = Capital return  + Dividends received

= $7 + $4

= $11

Thus,

Total return = Number of share × Total return per share

= 65 × $11

= $715

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3 years ago
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are still used by nations as a means of rewarding their friends and punishing their enemies

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8 0
3 years ago
You are considering two investment alternatives. The first is a stock that pays quarterly dividends of ​$0.38 per share and is t
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The computation is shown below:

For investment 1 -

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3 years ago
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