I want to answer this question 100 shares of GM (General Motors) are purchased for $209 pershare. Three months later, the stock is sold for $260 per share. Adividend of $0.77 a share is received. What is the total dollarreturn?

To calculate the total dollar return, you need to consider both the capital gain (or loss) from…

Answered: 100 shares of GM (General Motors) are…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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100 shares of GM (General Motors) are purchased for $209 per share. Three months later, the stock is sold for $260 per share. A dividend of $0.77 a share is received. What is the total dollar return?