Janice bought 40 shares of stock at $31.82 per share. She received dividends of $1.11 per share for 1 year. What was her purchas
e price
2 answers:
Answer:
$1,228.40
Step-by-step explanation:
Janice bought 40 shares of stock at = $31.82 per share
She received dividends per share = $1.11
Now her purchase price per share = 31.82 - 1.11 = $30.71
Her purchase price of total 40 shares = 30.71 × 40 = $1,228.40
Purchase price of stock would be $1,228.40.
Her purchase price was 40×($31.82-$1.11)=$4×307.1=$1228.4
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