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mojhsa [17]
3 years ago
12

You purchased a stock at a price of $53.36. The stock paid a dividend of $1.87 per share and the stock price at the end of the y

ear was $59.46. What was the total return for the year
Business
1 answer:
kotykmax [81]3 years ago
4 0

Answer:

Total return = 14.94%

Explanation:

Options are <em>"14.17% , 13.40% , 14.94%, 11.43%, 3.50%"</em>

End price = $59.46

Beginning price = $53.36

Dividend = $1.87

Total return = (End price - Beginning price + Dividends) / Beginning price

Total return = ($59.46 - $53.36 + $1.87) / $53.36

Total return = $7.97 / $53.36

Total return = 0.1493628185907046

Total return = 14.94%

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