Question

You purchased 1,150 shares of stock in Natural Chicken Wings, Inc., at a price of $43.46 per share. Since you purchased the stock, you have received dividends of $1.01 per share. Today, you sold your stock at a price of $46.71 per share. What was your total percentage return on this investment?

Answer 1

Answer:

9.80%

Explanation:

1,150 shares of stock in Natural chicken wings incorporation was purchased at a price of $43.46 per share

The dividend received is $1.01 per share

Today the stock is sold at a price of $46.71

Therefore, the total percentage return on this investment can be calculated as follows

= ($46.71-$43.46+$1.01/$43.46) × 100

= $4.26/$43.46 × 100

= 0.0980× 100

= 9.80%

Hence the total percentage return on this investment is 9.80%