Ask Question
9 March, 16:34

Jack bought 50 shares of stock at $18.22 per share. That year, he received total dividends of $72.88. At the end of the year, his stock was valued at $19.11 per share. What was his ROI?

+4
Answers (1)
  1. 9 March, 19:44
    0
    Return of interest is 13%

    Explanation:

    Given:

    Number of shares = 50

    Cost of 1 share = $18.22

    Total cost of the shares = 50 * $18.22

    = $911

    At the end of the year, the value of 1 share = $19.11

    Total cost at the end of one year = 50 * $19.11

    = $955.5

    Gain in value = $955.5 - $911

    = $44.5

    Total dividend = $72.88

    Total profit = $72.88 * $44.5

    = $117.38

    Return of Interest = Total profit / Initial total cost of the share

    = ($117.38 / $911) * 100

    = 13%

    Thus, return of interest is 13%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jack bought 50 shares of stock at $18.22 per share. That year, he received total dividends of $72.88. At the end of the year, his stock 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