Question

One year ago, you purchased 600 shares of stock for $14 a share. the stock pays $.41 a share in dividends each year. today, you sold your shares for $15.30 a share. what is your total dollar return on this investment?

Answer 1

If you paid $14 for 600, you paid:

600 * 14 = $8,400.00

If you sold them for $15.30 a share, you made:

600 * 15.30 = $9,180

9,180 - 8,400 = $780

The return on the investment being $780

Very very safe investment and not worth it.