Question

You purchased 260 shares of a particular stock at the beginning of the year at a price of $75.23. The stock paid a dividend of $.90 per share, and the stock price at the end of the year was $81.74. What was your dollar return on this investment

Answer 1

Answer:

the dollar return on this investment is $1,926.60

Explanation:

The computation of the dollar return on the investment is shown below:

Dollar return is

= (End value - Beginning value + Dividends) × number of shares  purchased

= ($81.74 - $75.23 + $0.90) × 260 shares

= $1,926.60

hence, the dollar return on this investment is $1,926.60

We simply applied the above formula so that the correct value could come

And, the same is to be considered