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9 January, 00:27

15) One year ago, you purchased 400 shares of Romy's Roses stock at a price of $24.15 a share. The stock pays an annual dividend of $1.82 per share. Today, you sold all of your shares for $29.20 per share. What is your total dollar return on this investment?

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  1. 9 January, 01:42
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    = $2,748

    Explanation:

    Number of shares purchased = 400

    Price per share (a year ago) = $24.15

    Total price paid a year ago = 400*$24.15 = $9,660

    Annual dividend per share = $1.82

    Total dividend earned = 400 * $1.82 = $728

    Price per share (today) = $29.20

    Proceeds from sale of shares today = 400*$29.20 = $11,680

    Next, find total dollar return;

    Total dollar return = Total dividend earned + Proceeds from sale of shares today - Total price paid a year ago

    = $728 + $11,680 - $9,660

    = $2,748
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Home » Business » 15) One year ago, you purchased 400 shares of Romy's Roses stock at a price of $24.15 a share. The stock pays an annual dividend of $1.82 per share. Today, you sold all of your shares for $29.20 per share.
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