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7 May, 09:45

You purchased 270 shares of a particular stock at the beginning of the year at a price of $76.33. The stock paid a dividend of $1.45 per share, and the stock price at the end of the year was $82.84. What was your dollar return on this investment

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  1. 7 May, 10:09
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    Total dollar return is $ 2,149.20

    Explanation:

    The dollar return is the increase in price per share plus the dividend per share multiplied by the number of shares purchased.

    The increase in share price=P1-Po

    P1 is the price now which is $82.84

    Po is the initial price of $76.33

    The increase in share price=$82.84-$76.33=$6.51

    Total return per share = $6.51 + $1.45=$7.96

    Total dollar return=number of shares * total return per share=$7.96*270=$ 2,149.20

    Total dollar return on the investment in shares is $ 2,149.20
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Home » Business » You purchased 270 shares of a particular stock at the beginning of the year at a price of $76.33. The stock paid a dividend of $1.45 per share, and the stock price at the end of the year was $82.84. What was your dollar return on this investment
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