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AlekseyPX
3 years ago
14

Rx Corp. stock was $60.00 per share at the end of last year. Since then, it paid a $1.00 per share dividend last year. The stock

price is currently $62.50. If you owned 400 shares of Rx, what was your percent return?
Business
1 answer:
Aleksandr-060686 [28]3 years ago
3 0

Answer:

Percentage Return  = 5.83%

Explanation:

Given data:

per share cost =$60.00

dividend $1.00 per share

stock price $62.50

total number of share  = 400

WE know that return is given as

Return = (Ending Value - ( Beginning Value + Income)

where,

Ending value = stock price* number of shares

Beginning value  = per share cost * number of shares

income =  dividend* number of shares,

so we have return value

           = ($62.50 x 400) - ($60.00 x 400 + $1.00 x 400) = $1400

Percentage\ Return = \frac{1400}{60 x 400}

Percentage Return  = .0583

Percentage Return  = 5.83%

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Answer:

c. 11.10%

Explanation:

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