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EBK CFIN
6th Edition
ISBN: 9781337671743
Author: BESLEY
Publisher: CENGAGE LEARNING - CONSIGNMENT
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General Accounting

Transcribed Image Text:Arnell Johnson bought 250 shares of Black Petroleum Company
for $95 per share. He paid a commission of $55 when he
purchased this stock. He sold the stock 5 years later for $115 per
share. When he sold it he paid a commission of $70. While he
held the stock, paid a dividend of $3.50 per share. What was
Arnell's total dollar return on this stock?
a. $5,820
b. $5,000
C. $5,015
d. $5,750
e. $5,875
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