Ask Question
18 October, 00:51

Two years ago, Conglomco stock ended at $73.02 per share. Last year, the stock paid a $0.34 per share dividend. Conglomco stock ended last year at $77.24. If you owned 200 shares of Conglomco stock, what were your dollar return and percent return last year?

+1
Answers (1)
  1. 18 October, 02:19
    0
    Dollar return

    = Closing price - Opening price + Divided

    = $77.24 - $73.02 + $0.34

    = $4.56

    Percent return

    = Dollar return x 100

    Opening price

    = $4.56 x 100

    $73.02

    = 6.24%

    Explanation:

    The dollar return is calculated as closing price minus opening price plus dividend. The percent return is the ratio of dollar return to opening price multiplied by 100.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Two years ago, Conglomco stock ended at $73.02 per share. Last year, the stock paid a $0.34 per share dividend. Conglomco stock ended last ...” 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