Answer:
26.78% ≈ 26.8%
Explanation:
Given:
Shares bought = 100
Buying price per share = $14
Total investment = $1400
Capital gain = $0.75 per share
Total capital gain = $0.75 × 100 = $75
Market value = $17
Thus,
Gain from increase in market value per share = $17 - $14 = $3
Therefore,
Total gain = $75 + $3 × 100 = $375
Total return = [tex]\frac{\textup{Total gain}}{\textup{Total investment}}\times100\%[/tex]
= [tex]\frac{\textup{375}}{\textup{1400}}\times100\%[/tex]
= 26.78% ≈ 26.8%
