One year ago, you purchased 21 shares of a stock at a price of $12.18 a share. The stock pays an annual dividend of $1.26 per share. Today, you sold all of your shares for $20.45 per share. What is your total dollar return on this investment?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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One year ago, you purchased 21 shares of a stock at a price of $12.18 a share. The stock pays an annual
dividend of $1.26 per share. Today, you sold all of your shares for $20.45 per share. What is your total
dollar return on this investment?
Transcribed Image Text:One year ago, you purchased 21 shares of a stock at a price of $12.18 a share. The stock pays an annual dividend of $1.26 per share. Today, you sold all of your shares for $20.45 per share. What is your total dollar return on this investment?
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