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Mamont248 [21]
3 years ago
8

One year ago, you purchased 300 shares of Southern Cotton at $32.60 a share. During the past year, you received a total of $280

in dividends. Today, you sold your shares for $35.80 a share. What is your total return on this investment?
Business
1 answer:
Harlamova29_29 [7]3 years ago
3 0

Answer:

Total Return on investment=12.678%≅12.68%

Explanation:

Given;

Number of Shares= 300

Purchasing price of each share=$32.60

Total Dividends= $280

Selling price of each share= $35.80

Find:

Total Return on investment=?

Solution:

Total Return on investment=\frac{(Selling\ Price-Purchase\ Price + \frac{Total\ Dividends}{Shares})}{Purchase\ Price}

Total\ Return\ on\ investment=\frac{\$35.80-\$32.60 +\frac{\$280}{300}}{\$32.60} \\

Total Return on investment=0.12678

In Percentage:

Total Return on investment=12.678%≅12.68%

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