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Advocard [28]
2 years ago
10

Suppose a stock had an initial price of $57 per share, paid a dividend of $1.1 per share during the year, and had an ending shar

e price of $63. Compute the percentage total return.
Business
1 answer:
kolbaska11 [484]2 years ago
6 0

Answer:

12.46%

Explanation:

Data provided

Dividend income = $1.1

Ending share per price = $63

Initial price = $57

The computation of the percentage total return is shown below:-

Total return = (Dividend income + (Ending share per price - Initial price)) ÷ Initial price

= ($1.1 + ($63 - $57)) ÷ 57

= ($1.1 + $6) ÷ 57

= $7.1 ÷ 57

= 0.12456

or 12.46%

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In colloquial language, the average is a single number representing a list of numbers, usually the sum of the numbers divided by the number of numbers in the list. For example, the average of the numbers 2, 3, 4, 7, and 9 is 5.

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Learn more about averages   here

brainly.com/question/20118982

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1 year ago
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3 years ago
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