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geniusboy [140]
3 years ago
6

Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY) a month ago. It paid a dividend of $0.63 today and then you so

ld it for $65. What was your return on the investment?
Business
1 answer:
m_a_m_a [10]3 years ago
3 0

Answer:

The return on investment was 9.38%

Explanation:

Data provided in the question:

Amount invested in dividend stock = $60

Dividend received = $0.63

Amount for which dividend was sold = $65

Now,

The total return from the dividend

= (Selling cost + Dividend received ) - Amount invested

= $65 + $0.63 - $60

= $5.63

Therefore,

The return on investment = [ (Total return ) ÷ Amount invested ] × 100%

= \frac{\$5.63}{\$60} × 100%

= 9.38%

Hence,

the return on investment was 9.38%

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