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arsen [322]
3 years ago
5

Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was

37 percent. What is the dollar amount of dividends that he received for owning the stock during the year? (Round your final answer to nearest whole dollar.)
Business
1 answer:
alukav5142 [94]3 years ago
3 0

Answer:

$5

Explanation:

Data provided are as follows

Purchase price of stock one year ago = $27

Now stock price= $32

Total return percentage = 37%

So, The computation of the dollar amount of dividend is:

= Purchase price of stock one year ago × Total return percentage - difference in stock price

= $27 × 37% - $5

= $10 - $5

= $5

The difference would be

= $32 - $27

= $5

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Answer:

Variable costs=$3,876,000

Explanation:

Given Data:

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