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Inessa [10]
3 years ago
14

Thomas bought 25 shares of stock at $59.25 per share. He received

Business
1 answer:
Mrac [35]3 years ago
8 0

Answer:

=8.8%

Explanation:

ROI  is return on investments. It is calculated by the formula below.

ROI = net gains/ invested capital x 100

net gains in this case will be

Dividends = $74.06

Appreciation in price = ($61.50 x 25) - ($59.25 x 25)

=$1,537.5 -  $1,481.25

=56.25

Total gain = $56.25 + $74.06

=$130.31

ROI = $130.31/1,481.25 x100

ROI= 0.087972 x 100

=8.79

=8.8%

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Learn more about turnover ratio  here

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