Ask Question
7 March, 06:46

One year ago, you purchased 400 shares of sl industries stock at a price of $26.15a share. the stock pays an annual dividend of $1.34 per share. today, you sold all of your shares for $28.20 per share. what is your total dollar return on this investment?

+3
Answers (1)
  1. 7 March, 10:21
    0
    The total return from the stock investment is:

    Total return in $ = $28.20 * 400 + $1.34 * 400 - $26.15 * 400

    Total return in $ = $1,356.00

    Or in percentage, this is equivalent to:

    %return = 1356 / (26.15*400) * 100%

    %return = 12.96% (A gain of ~13% from your stock investment)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “One year ago, you purchased 400 shares of sl industries stock at a price of $26.15a share. the stock pays an annual dividend of $1.34 per ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers