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You purchased 250 shares of a particular stock at the beginning of the year at a price of $104.32. The stock paid a dividend of $2.34 per share, and the stock price at the end of the year was $113.65. What was your dollar return on this investment?

Respuesta :

Answer:

$2917.50

Explanation:

The computation of the dollar return is shown below:

= (Stock price at the end of the year - Stock price at the beginning of the year + Dividend paid) × number of shares purchased

= ($113.65 - $104.32 +$2.34) × 250 shares

= $11.67 × 250 shares

= $2917.50

We simply added the stock price at the end of the year, dividend paid and deducted the stock price at the beginning of the year, then multiply it with the number of shares purchased so that the correct amount can come.

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