Ask Question
25 March, 21:39

Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY). It paid a dividend of $0.70 today and then you sold it for $65. What was your return on the investment? A) 8.25% B) 9.00% C) 9.50% D) 9.75%

+1
Answers (1)
  1. 25 March, 23:22
    0
    C) 9.50%

    Explanation:

    Given that

    The sale price of a share = $65

    Purchase price of share = $60

    And, the dividend received = $0.70

    So, The formula and the computation of the return on investment is shown below:

    Return on investment = (Sale price of a share - purchase price of share + dividend received) : (Investment price) * 100

    = ($65 - $60 + $0.70) : ($60) * 100

    = ($5.70) : ($60) * 100

    = 9.50%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Suppose you invested $60 in the Ishares Dividend Stock Fund (DVY). It paid a dividend of $0.70 today and then you sold it for $65. What was ...” 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